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Following a spike in demand, Solana has canceled some orders of Saga cell phones attributable to shortages. Demand rose because of the free 30 million BONK tokens that include the telephone.
Solana Labs might need already had a win on its palms with its blockchain and native token which have change into a few of the greatest within the business. However the firm determined final yr to enter the cell phone enterprise by releasing the Solana Saga, an Android telephone that got here with Solana apps pre-installed and plenty of different options {that a} crypto lover would want.
Now, evidently the demand for this telephone has change into unmanageable as Solana Cellular introduced on December twenty second, 2023, that it will likely be canceling orders made for the telephone.
Solana Labs Overwhelmed?
It’s price noting that a variety of the problems that Solana is going through are due the the unprecedented spike in demand for the Solana Saga. BONK, a Solana-based token, has shot up in worth in the previous couple of weeks and merchants are scrambling to get their palms on it.
Conveniently, one of many perks of a Solana Saga is that every gadget comes with 30 million bonk tokens, which is price slightly underneath $700 as of this text. Naturally, orders for the Solana Saga went up and the telephone bought out.
In accordance with an official assertion on X, Solana Cellular solely had 20,000 models of the telephone for international buy however a listing error meant that this quantity was misrepresented. As such, many orders needed to be canceled.
“Given this, we’re sadly unable to meet orders that had been positioned after stock ran out,” Solana Cellular mentioned, including that some orders had been canceled attributable to suspicious exercise or cost dangers.
Those that have been affected by the cancellation have been knowledgeable and will likely be given a refund and Solana Cellular has apologised for any inconvenience. Whereas this incident will likely be disappointing for the shoppers who tried to order the telephone, it does present the interconnectedness of the crypto business.
The BONK tokens that include the Solana Saga had been a minor perk however as soon as their worth started going up, Solana Cellular was inundated with orders from around the globe. And as many have identified, the Solana Saga prices about $600 however the tokens that include it may be price greater than the telephone itself. As the worth of BONK rises and falls, there will likely be a back-and-forth of types relating to which is extra interesting to consumers. And if Solana Cellular and different corporations provide free crypto with their merchandise, this kind of scenario will should be accounted for.
Transferring ahead, evidently Solana’s telephones will stay common throughout the crypto-loving neighborhood. It has many options together with token storage that can enchantment to most crypto lovers and, in some circumstances, the prospect to get a whole bunch of {dollars} price of crypto without cost.
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