Solana had big plans for their mobile phone. However, their initial launch was largely seen as a disappointment. But recently that’s been starting to change.

‍What’s happening:‍

• Solana has officially sold out of their flagship mobile phone product Saga in the United States
  
• Saga devices are also becoming scarce across Europe amidst a new influx of demand
  

The big idea:‍

• Saga is a mobile phone that enables users to seamlessly interact with the entire Solana ecosystem on the go, including protocols, NFT marketplaces and more
  
• Users can also easily onboard their Solana wallet onto their mobile device without and approve transactions instantly
  

Going deeper:‍

• While Solana initially unveiled Saga to a lacklustre launch, sales have recently shot up due to the fact that each purchase of a Saga device comes with the ability to claim free tokens
  
• Bonk tokens, the digital asset associated with Saga purchases, haven risen to popularity in large part due to a highly unique structure in which half of the total token supply is airdropped for free to the Solana community
  

Market reaction:‍

• Over the last two months the price of Bonk token has soared more than +9,000%
  

By the numbers:‍

• Saga devices were retailing at $599 USD and being resold on secondary marketplaces for as much as twice that amount due to the speculation on the value of the airdropped token
  
• Only 20,000 Saga devices were ever produced by Solana
  

Yes, but:‍

• Bonk token has no underlying utility other than plans to be used as a currency across popular Solana apps
  
• The recent mania and excitement around Saga has largely been derived from an arbitrage opportunity rather than a desire to use the device