The Solana (SOL) Saga phones have become the latest craze in the cryptocurrency community, fetching a whopping eight times their retail price. The frenzy surrounding these devices peaked after a surge in demand caused them to sell out on the official website, culminating in one of the phones reportedly selling for a staggering $5,000 on eBay.
The Solana Saga phone, touted for its unique features and integration with the Solana blockchain, has captivated crypto enthusiasts worldwide. However, the recent price surge has left many bewildered, especially when compared to the relatively modest prices of mainstream smartphones like the Apple iPhone.
On December 16th, an eBay listing showcased two unopened Saga phones with an asking price of $5,000 or “best offer.” In contrast, Apple’s latest iPhone 15 Pro, a flagship in the smartphone industry, starts at a comparatively modest $999.
The price spike appears to be directly linked to the overwhelming demand generated by a free memecoin airdrop, leading to the swift depletion of available units on the official Saga website. A post from Solana Mobile confirmed the sell-out, expressing gratitude to the supportive community and hinting at an exciting future.
ElemenTerra’s Solana Stint: Staking Partnership Unveils
As the Saga phones become increasingly scarce, the market dynamics have attracted the attention of individual buyers and blockchain-based ventures. ElemenTerra, a metropolis built on the Solana blockchain, seized the opportunity to announce a partnership, allowing Saga owners to stake their devices’ Genesis Token on Elementerra and earn Elementum, a native digital asset.
The Elementerra staking system promises a non-custodial approach, requiring owners to verify their device ownership to begin generating Elementum ahead of the game’s scheduled launch in January.
Community responses have been mixed, with some expressing excitement about their impending Saga phone deliveries. One user shared, “Solana Mobile is the first Android-based smartphone I bought so far, and pretty excited for the delivery already! More than my 15 max.” Another user revealed surprise at the Solana blockchain’s Permissioned Environment, suggesting its potential for big companies to create customized versions.
Nevertheless, the cryptocurrency community remains on the edge of its seat, eager to witness how this unexpected turn of events will shape the future of blockchain technology and mobile devices.
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