Solana Saga prices soars on Bonk frenzy as Shiba Memu presale ends and exchange listing nears

December 17, 2023 11:55 PM PST | By Invezz

Solana Saga prices soars on Bonk frenzy as Shiba Memu presale ends and exchange listing nears — Image source: Invezz

Solana Saga phone prices skyrocket

In a surprising turn of events, Solana Saga phones, initially met with tepid sales, are now fetching prices exceeding $5,000 on resale platforms like eBay.

This surge in demand can be directly attributed to the inclusion of a 30 million BONK token airdrop with each phone purchase. The recent spike in the value of the BONK token, up by 966% in the last month, has made the airdrop more valuable than the phone itself.

As traders observed the BONK token’s meteoric rise, the phones swiftly sold out on the official website, with reports of units being resold for as much as $5,000 on online marketplaces. The allure of potential profits, coupled with additional incentives from Solana-based projects, has turned these phones into coveted collector’s items.

Solend, a prominent DeFi platform, and meme token Samoyed Coin have announced exclusive promotions for Saga phone holders, further intensifying the buying frenzy.

A new meme coin rising to challenge Bonk

While the Solana-based Bonk meme coin controls the prices of the Solana Saga phone, a new meme coin is rising to challenge Bonk. The new meme coin, Shiba Memu (SHMU), though not associated with Solana, pegs its success on integrating artificial intelligence (AI) with blockchain technology.

Shiba Memu has rapidly gained attention in 2023, capturing the interest of the meme coin community with its engaging presale which is scheduled to end in 11 days.

Shiba Memu’s SHMU token presale, initially set to conclude in early November, took an unexpected turn on the last day after the team decided to extend the presale period to December 30th, 2023, creating a buzz among crypto investors. Crypto enthusiasts have been trooping to the meme coin’s presale capitalizing on the scheduled price increases. The SHMU price increases after every 12 hours and it is currently scheduled to rise from 0.048475 USDT to 0.048700 USDT in the next 9 hours.

The token’s whitepaper reveals a circulating supply of 1 billion units, with 85% allocated to the presale, 10% for exchange listings and rewards, and 5% for project development.

Conclusion

As Solana Saga phones soar in resale value driven by BONK fervour, Shiba Memu navigates its own journey in the meme coin space. The unpredictable nature of meme coins is evident as both phenomena face scrutiny and scepticism. Shiba Memu, with scheduled price increases during the presale, grapples with wide-ranging predictions after listing on crypto exchanges at the end of the presale.

While Solana Saga phones capitalize on the scarcity of units and the popularity of BONK token, Shiba Memu aims to secure its position through community support and planned exchange listings. The distinct paths of these two phenomena underscore the dynamic and ever-changing nature of the cryptocurrency market.

The post Solana Saga prices soars on Bonk frenzy as Shiba Memu presale ends and exchange listing nears appeared first on Invezz

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