Solana's entry into the smartphone market with the Saga Mobile has been groundbreaking within the crypto industry.
Launched in the latter part of 2023, the Saga quickly became an iconic product, grabbing the attention of crypto enthusiasts and SOL investors.
Those who got the Saga early received a series of airdrops, making the phones more valuable and setting the stage for a transformative journey.
Chapter 2 Emerges: A Sequel Ready to Break Records
After the success of the Saga, the company has revealed its sequel, the "Chapter 2" phone.
Building on the Saga's popularity, the second version looks set to break sales records, according to a recent report. There's significant excitement for this new model, with a surge in interest even before its official release.
As the dust settles from the Saga's triumph, all eyes are on the sequel, anticipating another round of success in crypto.
Rapid Sales Surge Surpasses Initial Projections
The introduction of the "Chapter 2" phone sparked an extraordinary sales rush, going beyond our expectations during its initial pre-sale hours.
Raj Gokal, Co-founder of Solana, shared that the budget-friendly Web3 phone hit its seven-day sales goal in an astonishing 24 hours post-announcement.
The device's demand has been overwhelming, with a whopping 25,000 pre-orders within the first day, skyrocketing to an impressive 30,000 within the initial 30 hours.
This sales surge not only outperformed its forerunner, the Saga handset but also indicated a significant change in consumer interest toward more budget-friendly smartphones integrated with crypto features.
The triumph of the "Chapter 2" phone highlights the increasing desire for Solana-related products and promises a bright future for the entire Solana ecosystem.
This remarkable sales achievement within such a short time frame clearly indicates the growing popularity of affordable crypto-integrated devices in the market.
Solana Mobile: From Slow Start to Sudden Spike
Solana's journey in the smartphone market has been a wild ride marked by ups and downs. Initially priced at $1,000, the Saga faced slow demand, leading to a quick price drop to $599.
Tech critic Marques Brownlee even labeled it the "worst new phone of 2023," creating doubt about its future.
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However, a surprising twist occurred when the meme coin BONK, featuring a Shiba Inu-themed Solana token, announced it would distribute 30 million free BONK tokens to Saga owners. This unexpected move turned the Saga into an overnight success.
The BONK token skyrocketed by over 400% in a month, generating excitement around both the Saga phone and the BONK token, reaching its peak in December 2023.
With the revelation of qualifying for a substantial BONK token reward, valued at approximately $560, Saga owners experienced an unprecedented demand.
The Saga sold out its 20,000 units in the U.S. market, and its secondary market retail price surged to around $5,000, mirroring the rapid ascent of the BONK token.
The success of the Saga not only brought the device into the spotlight but also had a ripple effect on Solana (SOL), the cryptocurrency linked to the layer-1 blockchain supporting Saga and BONK, witnessing a substantial rise of over 21% during the same period.