Following a spike in demand, Solana has canceled some orders of Saga cellphones because of 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 arms with its blockchain and native token which have change into among the largest within the trade. However the firm determined final 12 months 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 wish.
Now, plainly the demand for this telephone has change into unmanageable as Solana Cell introduced on December twenty second, 2023, that it is going to be canceling orders made for the telephone.
Solana Labs Overwhelmed?
It’s price noting that lots of the problems that Solana is dealing with 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 few weeks and merchants are scrambling to get their arms on it.
Conveniently, one of many perks of a Solana Saga is that every system comes with 30 million bonk tokens, which is price somewhat below $700 as of this text. Naturally, orders for the Solana Saga went up and the telephone bought out.
In keeping with an official assertion on X, Solana Cell solely had 20,000 items of the telephone for world buy however a listing error meant that this quantity was misrepresented. As such, many orders needed to be canceled.
“Given this, we are unfortunately unable to fulfill orders that were placed after inventory ran out,” Solana Cell mentioned, including that some orders had been canceled because of suspicious exercise or fee dangers.
Those that have been affected by the cancellation have been knowledgeable and might be given a refund and Solana Cell has apologised for any inconvenience. Whereas this incident might be disappointing for the shoppers who tried to order the telephone, it does present the interconnectedness of the crypto trade.
The BONK tokens that include the Solana Saga had been a minor perk however as soon as their worth started going up, Solana Cell was inundated with orders from all over the world. 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 might be a back-and-forth of types concerning which is extra interesting to consumers. And if Solana Cell and different firms supply free crypto with their merchandise, this kind of scenario will have to be accounted for.
Shifting ahead, plainly Solana’s telephones will stay widespread inside the crypto-loving neighborhood. It has many options together with token storage that may attraction to most crypto lovers and, in some circumstances, the possibility to get lots of of {dollars} price of crypto free of charge.
