Solana Mobile Set to Release Second Cryptocurrency-Focused Smartphone: Insider Insights

Solana Mobile is gearing up to unveil its second smartphone, following the unexpected success of its initial crypto-ready device known as Saga, according to an individual with knowledge of the situation.

The upcoming phone will retain the core features of its predecessor, Saga, including an integrated crypto wallet, customised Android software, and a dedicated “dApp store” for cryptocurrency applications. However, the new device will come with a more affordable price tag and distinct hardware specifications, as mentioned by the insider. Notably, Saga’s original launch price was $1000, but it later underwent price reductions due to challenges in sales.

The introduction of the new Solana Mobile phone aims to address the escalating demand in the secondary market for the limited supply of existing Saga smartphones. As of the latest update, a factory-sealed Saga device is attracting bids at $3,200 on eBay, marking a fivefold increase from its value just five weeks ago.

Originally, Saga faced difficulties in finding a substantial market, and its backers were contemplating moving on from the experimental phone designed to establish a mobile-centric platform for crypto traders and NFT collectors. However, the situation took a dramatic turn when crypto enthusiasts discovered that the phone included an allocation of BONK tokens, surpassing the device’s price. In less than a week, the Saga completely sold out.

Over the subsequent month, Saga phone owners continued to reap rewards as various projects distributed valuable tokens and NFTs to the 15,000 phones in circulation. These airdrops not only enhanced the community surrounding Saga but also spurred more Solana developers to explore the creation of mobile applications.