Solana Mobile plans to launch cheaper Saga successor: report
Quick Take: Solana Mobile is planning to launch a cheaper successor to the Saga crypto smartphone, CoinDesk reported. Demand for Saga devices surged in December amid an arbitrage opportunity presented by the 30 million bonk tokens that come with the phone.
The new phone will include the same features as Saga — including a built-in crypto wallet, dapp store and custom Android software — but will use different hardware and offer the device at a cheaper price, the person said.
The Saga phone was priced at $1,000 on launch but was later reduced to $599 after the device initially struggled to gain traction. That suddenly changed in December as the price of the Solana-based memecoin bonk went parabolic, presenting an arbitrage opportunity given the device came with 30 million of the tokens. The firm’s limited stock of 20,000 phones promptly sold out in the U.S. and EU, with some orders canceled and refunded following inventory issues.
Saga airdrop hype continues
Bonk BONK +0.64% surged by over 800% last month from $0.0000038 to a peak of $0.000035 on Dec. 15 — the day the phones sold out. However, bonk has since fallen sharply, down 60% to a current price of $0.000014, according to The Block's price page .
BONK/USD price chart. Image: The Block/TradingView .
At its peak, the 30 million bonk tokens that came with Saga phones, only worth a few dollars when the device first launched, were valued at $1,140 — 90% more than the device’s $599 cost. However, the subsequent fall in the price of bonk tokens currently places that value at $420, below the phone's price.
Despite the drop, at least two Saga phones were reportedly sold for as much as $5,000 on eBay, and secondary device sales are still receiving bids as high as $3,200 as the hype surrounding potential future airdrops for phone holders continues.
Solana Mobile did not respond to a request for comment from The Block.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Hyperscale Data’s Dual-Pronged Strategy: Bitcoin Treasury and AI Campus Growth in a Fragmented Market
- Hyperscale Data adopts a dual strategy: investing $20M in Bitcoin as a treasury asset while expanding its Michigan AI data center to 340 MW by 2029. - The Bitcoin allocation (60% of $125M capital plan) aims to hedge against fiat devaluation and attract crypto investors, though volatility risks earnings instability. - The AI campus expansion targets 31.6% CAGR growth in AI infrastructure demand, leveraging Michigan’s clean energy incentives and reducing $25M in debt to strengthen financial flexibility. -
The Ether Machine: A Pioneering Ethereum-Centric Investment Vehicle Poised for Nasdaq Debut
- The Ether Machine, formed by merging Ether Reserve and Dynamix, raised $654M in ETH to launch a Nasdaq-listed Ethereum-focused treasury strategy. - It leverages staking, restaking, and DeFi to generate 3-5% yields on $2.16B ETH holdings while managing liquidity risks through advanced custody solutions. - SEC approval of Ethereum ETFs and $1.83B August 2025 inflows validate its model, with partnerships like Blockchain.com enhancing yield optimization. - Its pending ETHM ticker and Citibank-backed $500M ra
Why Remittix (RTX) is Outpacing Pi Coin and Cardano in September 2025: A PayFi Revolution in Motion
- Remittix (RTX) outpaces Pi Network and Cardano in 2025 by disrupting the $19 trillion remittance market with instant crypto-to-fiat conversions and 0.1% fees. - RTX's $23.3M presale, CertiK audits, and deflationary tokenomics drive investor confidence, processing 400,000 transactions by Q3 2025. - Unlike Pi's non-tradable tokens and Cardano's fragmented solutions, RTX's hybrid blockchain offers institutional-grade security and real-world utility in 30+ countries. - The crypto market's shift toward utilit
Ethereum’s Institutional Adoption and Network Dominance in 2025: Why Institutional Ownership and Staking Infrastructure Make ETH the Preferred Digita
- Ethereum's 2025 institutional adoption surged via ETFs, driving $12B inflows post-2024 approval and regulatory alignment with Project Crypto. - Institutional ownership of 2.5% of ETH supply created a flywheel effect, boosting price and attracting further allocations through staking infrastructure. - Staking rewards (4-6% annual yield) and 29% supply staked by Q2 2025 enhanced Ethereum's appeal as a dual-income asset for risk-averse investors. - Network resilience during 2025 market corrections and DeFi i
Trending news
MoreCrypto prices
More
