{"id":88589,"date":"2023-12-22T16:24:38","date_gmt":"2023-12-22T14:24:38","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=88589"},"modified":"2025-09-13T18:59:34","modified_gmt":"2025-09-13T15:59:34","slug":"solana-reports-saga-smartphone-shortage","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/solana-reports-saga-smartphone-shortage\/","title":{"rendered":"Solana reports Saga smartphone shortage"},"content":{"rendered":"<p>The team behind <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-solana-sol\">Solana<\/a> has been forced to cancel a portion of orders for the Saga blockchain smartphones due to &#8216;inventory problems&#8217; at a third-party distributor.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Last week, we saw an overwhelming demand for Saga, with sellouts in both the US &#038; EU on our limited inventory of 20,000 devices produced globally.<\/p>\n<p>In working to fulfill orders, we learned of an inventory management issue with our third-party distributor that resulted in an\u2026<\/p>\n<p>\u2014 Solana Mobile ? (@solanamobile) <a href=\"https:\/\/twitter.com\/solanamobile\/status\/1738043961426456963?ref_src=twsrc%5Etfw\">December 22, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the statement, the surge in demand for the devices exhausted the 20,000-unit reserve allocated for the US and European markets. Solana did not have a precise picture of stock levels. There is no prospect of replenishing them quickly.<\/p>\n<p>The selling price of the smartphone on eBay jumped to $5,500, although just a few days earlier most trades were settled at under $3,000.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/IMP-A5UsMrxNERU_aV1K6oKxBj_Yr4cdvt384Ogc-0pIHrA4B_ktRh-VL6AaXI3rhk_kbsByk-ad87EPnoUrwxD25uwI-PSCos_Pry2bBImzbOHJdarAU1gHo35x5gwJRJpJiSoosZg89WYz8vIYZrU\" alt=\"Solana reports Saga smartphone shortage\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.ebay.com\/sch\/i.html?_nkw=solana+saga&#038;LH_Complete=1&#038;LH_Sold=1\">eBay<\/a>.<\/figcaption><\/figure>\n<p>The rejection of some Saga orders was also driven by suspected speculative intent among buyers.<\/p>\n<p>The smartphone was introduced <a href=\"https:\/\/u1f987.com\/en\/news\/solana-team-unveils-saga-a-web3-focused-smartphone\">in June 2022<\/a>. The device&#8217;s hardware and software integrate <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-web3\">Web3<\/a> features, enabling it to function as a hardware wallet. Saga also offers a range of <a href=\"https:\/\/solanamobile.com\/rewards\">other benefits<\/a>, including a month of free access to the Helium wireless network, bonuses in the Honeyland game, early access to the Genopets project, and <a href=\"https:\/\/u1f987.com\/en\/news\/what-are-nfts\">NFT<\/a>.<\/p>\n<p>Earlier in December, Solana founder Anatoly Yakovenko <a href=\"https:\/\/u1f987.com\/en\/news\/solana-chief-flags-weak-saga-smartphone-sales\">acknowledged<\/a> weak smartphone sales. He said that at the time of the product&#8217;s launch, 2,200 units had been sold.<\/p>\n<p>The surge in demand is believed to be linked to the distribution of BONK meme tokens. A buyer automatically receives 30 million BONK coins with Saga.<\/p>\n<p>At its peak on December 15, the BONK assets price (CoinGecko) exceeded $900. Even at current quotes (~$0.00002), the tokens roughly cover the $599 price of the smartphone.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/EO4cg8JD-r3EbCepE-Ks3o5KC020E56ykVnf7JOHk3IpIdu0mE3A3BVFslOjwTrJFN-dyOQlEfTu73X3zlOVvCVKnhV0KhfKs0vvMi9rhyR4Vxh5BJXovs8u0IfoH87_ZmcOP2CRU2xgw70ZG22Ey2k\" alt=\"BONK daily chart\"\/><figcaption class=\"wp-element-caption\">Daily BONK\/USDT chart on Bybit. Data: <a href=\"http:\/\/tradingview.com\/symbols\/BONKUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>In December, Circle added <a href=\"https:\/\/u1f987.com\/en\/news\/circle-adds-solana-support-to-eurc-stablecoin\">Solana blockchain support<\/a> for its euro-stablecoin EURC, and hardware-wallet maker Trezor <a href=\"https:\/\/u1f987.com\/en\/news\/trezor-adds-solana-and-spl-token-support\">for the SOL token<\/a>.<\/p>\n<p>In December, Circle added <a href=\"https:\/\/u1f987.com\/en\/news\/circle-adds-solana-support-to-eurc-stablecoin\">Solana blockchain support<\/a> for its euro-stablecoin EURC, and hardware-wallet maker Trezor <a href=\"https:\/\/u1f987.com\/en\/news\/trezor-adds-solana-and-spl-token-support\">for the SOL token<\/a>.<\/p>\n<p>In December, Circle added <a href=\"https:\/\/u1f987.com\/en\/news\/circle-adds-solana-support-to-eurc-stablecoin\">Solana blockchain support<\/a> for its euro-stablecoin EURC, and hardware-wallet maker Trezor <a href=\"https:\/\/u1f987.com\/en\/news\/trezor-adds-solana-and-spl-token-support\">for the SOL token<\/a>.<\/p>\n<p>In December, Circle added <a href=\"https:\/\/u1f987.com\/en\/news\/circle-adds-solana-support-to-eurc-stablecoin\">NFT<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Solana team has been forced to cancel a portion of orders for the Saga blockchain smartphones due to &#8216;inventory problems&#8217; at a third-party distributor.<\/p>\n","protected":false},"author":1,"featured_media":88590,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[83,1159,1160],"class_list":["post-88589","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-business","tag-solana-sol","tag-web3-smartphones"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/88589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=88589"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/88589\/revisions"}],"predecessor-version":[{"id":88591,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/88589\/revisions\/88591"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/88590"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=88589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=88589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=88589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}