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Launched within the second half of 2023, the Solana cell has develop into an iconic product for the crypto business and SOL traders. Early adopters have been rewarded with a sequence of airdrops far exceeding the preliminary worth of the telephones.
The corporate behind the product has introduced a second iteration of cell gadgets. Following the rise in recognition for the primary mannequin, the second appears poised to interrupt gross sales data, in accordance with a brand new report.
Fast Gross sales Surge Surpasses Preliminary Projections
Within the first hours of its pre-sale, the “Chapter 2” telephone has set new gross sales data, far outpacing its predecessor, the Saga handset. TechCrunch stories that this inexpensive Web3 telephone witnessed an amazing demand, attaining its seven-day gross sales goal inside simply 24 hours after its announcement, as revealed by Raj Gokal, Co-founder of Solana.
Inside the first day of its reveal, “Chapter 2” garnered over 25,000 preorders, which escalated to 30,000 by the 30-hour mark. These figures have notably eclipsed the 12-month gross sales quantity of Solana’s first smartphone, Saga, signaling a big shift in shopper curiosity in the direction of extra economically priced crypto-integrated smartphones.
Solana Cellular Fever: From Sluggish Star To Sudden Spike
Dramatic turns have marked Solana’s journey within the smartphone market. The Saga noticed sluggish demand, initially priced at $1,000, prompting a value discount to $599. Standard tech YouTuber Marques Brownlee criticized it because the “worst new telephone of 2023,” and its destiny appeared sealed.
Nonetheless, a turnaround occurred when the dog-focused memecoin BONK introduced the distribution of 30 million free BONK tokens to Saga house owners. This transfer remodeled the Saga right into a sell-out success virtually in a single day.
The BONK token, a Shiba Inu-themed Solana token, surged by over 400% in a month, per CoinMarketCap knowledge. The excitement across the Saga telephone and BONK token peaked in December 2023, when telephone house owners found their eligibility to assert the hefty BONK token reward, valued at round $560.
Consequently, the Saga bought out its 20,000 items within the U.S. market, and its retail value in secondary markets rose to round $5,000, as BONK reached an all-time excessive. Solana (SOL), the cryptocurrency related to the layer-1 blockchain that helps Saga and BONK, additionally noticed a big rise, climbing greater than 21% over the identical interval.
This pattern underlines the rising enthusiasm for Solana-based merchandise, notably in memecoins. The hype round these tokens was considered fading, however the excessive demand for the Solana cell “Chapter 2” hints at additional success for the product with potential bullish implications for all the ecosystem.
Cowl picture from Unsplash, chart from Tradingview
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