Following a recent increase in the price of Solana's memecoin Bonk (BONK), which has increased by more than 1,100% in the last 30 days, many people are vying for Solana's cryptocurrency phone.

Following the May 8 launch of the Solana phone, new owners have been eligible for a free 30 million memecoin airdrop; however, buyers now have an intriguing opportunity to profit from an increase in the token's price.

In a post on December 15, Solana co-founder Raj Gokal stated, "Solana phone sales have > 10x'd in the past 48 hours, and are now on track to sell out before the new year" on X (formerly Twitter).

As of right now, the 30 million BONK airdrop is valued at an incredible $877, which is $278 more than the $599 Saga phone currently retails for.

This makes it one of the most peculiar arbitrage opportunities accessible to cryptocurrency enthusiasts.

According to CoinGecko, Bonk has experienced an extraordinary gain of 1,100% over the past 30 days

Due to recent price movements, Bonk's market capitalization has surpassed that of Pepe, a rival memecoin.

Sales had picked up so much that Anatoly Yakavenko, a fellow co-founder of Solana, proposed boosting the Saga's price, which had been slashed from $999 to $599 in August due to a wave of declining sales.

Sources:

https://cointelegraph.com/news/solana-phone-sales-surge-traders-seek-bonk-airdrop-opportunity

https://twitter.com/rajgokal/status/1735381977250054548

https://twitter.com/aeyakovenko/status/1735427878316323276

https://twitter.com/solanamobile/status/1689305794049634304

https://twitter.com/solanamobile/status/1735485748210520548

https://www.youtube.com/watch?v=xwFBD2hzChk

https://www.youtube.com/watch?v=xwFBD2hzChk

https://www.coingecko.com/en/coins/bonk/usd