Solana Mobile’s Saga phone caused a frenzy, selling out its U.S. preorders on December 14, not due to its features, aesthetics, or security prowess, but because each shipped phone includes a windfall—30 million $BONK tokens, surpassing the phone’s cost.

The Android device boasts a 50-megapixel main camera, fingerprint unlocking, and crypto-friendly features like a Seed Vault safeguarding private keys, enabling fingerprint-signed transactions. To redeem the $BONK airdrop, buyers must download the BONK app from Saga’s exclusive app store.

Fortuitously, the $BONK token surged on Coinbase listing, hitting an all-time high of $0.00003386, currently priced at $0.00002888, a 130% rise in a week. With a trading volume nearing $2 million in 24 hours, $BONK’s market cap exceeds $1.75 billion.

Buyers seek arbitrage, exploiting price disparities across markets. Upon phone delivery, they aim to sell the accompanying $BONK, recouping costs and making a profit. Risks exist, with $BONK susceptible to market fluctuations.

Buyers may anticipate other projects offering free assets to Saga owners, fostering a community meme, as Accelerate Art’s Ben Roy suggests. Solana Labs’ Anatoly Yakovenko hints at potential app development, targeting NFT enthusiasts and challenging App Store duopoly.

Solana Mobile, noting the Saga’s high demand, implemented a one-per-household limit for broad distribution, recently announcing U.S. sell-out but maintaining availability for European customers on their website. The Saga phone has become a symbol of the crypto-craze, blending utility, speculation, and community dynamics.