- The Samoyedcoin project team has announced the airdrop of SAMO tokens to owners of the Solana Saga smartphone.
- As a result, the token rate experienced a 14% increase.
- Prior to this, the BONK airdrop had generated a surge in demand for the device, causing its cost on the secondary market to soar.
The distribution of SAMO tokens to Solana Saga owners has been officially confirmed by the Samoyedcoin team. This news has led to a 13.79% jump in the token rate, as reported by TradingView.
At the time of writing, memcoin is trading at $0.014. The rate had previously been $0.01762. It is worth noting that a downward trend can be observed in this market as of January 10, 2024:
Owners of Solana Saga will receive 1250 SAMO tokens. At the current exchange rate, this amounts to only $18. However, considering the all-time high (ATH) of $0.22 in November 2021, the value would already be $275.
It is worth mentioning that the Solana Saga smartphone was introduced in April 2023, initially priced at $1000. However, in August, Solana reduced the price to $599.
The Incrypted team extensively covered this in a separate video:
Until the beginning of December 2023, sales of the Solana Saga were relatively low, as confirmed by Anatoly Yakovenko, co-founder of Solana Labs.
The surge in demand for the smartphone was triggered by the distribution of another memcoin called BONK. As a result, the device’s price on the secondary market surged to $5,000.
Interestingly, the Solana Saga smartphone was voted the worst phone of the year according to MKBHD. Meanwhile, the value of both BONK and other memcoins in the ecosystem has significantly decreased.