The Solana ecosystem has slowly begun to recover recently, and it is understood that the Solana Saga phone’s premium on eBay has skyrocketed by 500%, with a selling price of up to $3,000. And its official selling price is only $599.
The catalyst for the surge in Saga phones may be related to the Solana-based MEME token Bonk, which has increased by over 19,103% since October. Each Solana Saga phone is entitled to up to 30 million BONK tokens airdropped, which in turn drives the price of this phone in the secondary market.
According to The Block, with the increasing popularity of Bonk tokens, the floor price of the Solana Saga phone on eBay has risen to around $2,000. Yesterday, two phones were priced at $5,000, while today another phone is priced at $3,361. It is reported that every owner of Saga phones can apply for 30 million BONK tokens on Bonk DApp.
With the skyrocketing price of BONK, the value of these tokens has now exceeded the official selling price of mobile phones, driving an increase in market demand for mobile phones. Kyle Samani, co-founder of Multicoin, stated on the X platform that Solana and Solana mobile phone users will receive a large number of airdrops within the next year.
Finally, let’s take a look at the token-unlocking data for this week.
According to Token Unlocks data, ID and other tokens will be unlocked at once this week, with a total release value of only about $6.68 million. Among them:
At 0:00 am (UTC) on December 20th, Nym will unlock 3.34 million NYMs (approximately $615,200), accounting for 0.53% of the circulating supply;
At 17:54 (UTC) on December 20th, Euler will unlock 123300 EULs (approximately $397,000), accounting for 0.66% of the circulating supply;
At 0:00 am (UTC) on December 22nd, SPACE IDs will unlock 18.49 million IDs (approximately $5.31 million), accounting for 4.29% of the circulating supply.
Main Token Trends
BTC
Last week, the weekly trend ended a seven-week upward momentum, with a clear convergence of high-level oscillations breaking below the convergence support. This week is expected to continue in a sideways market. The short-term downside price target of Bitcoin is $40,280, with the possibility of forming a bearish M-top or head and shoulders pattern. Targets for further retracement are $38,399 and $37,970.
ETH
This week, Ethereum price continues to oscillate above $2,135, showing signs of a short-term peak, especially with resistance at $2,381. Short-term focus is on whether it forms a top structure around the $2,135 support, with a potential retracement target of $2,037 as the midpoint and $1,975 as the support bottom to complete the pullback.
BNB
The four-hour chart failed to break the descending trend twice, and the medium-term structure remains bearish despite stabilizing around the $183.02 support. In the short term, BNB price is expected to keep testing the $221.3 neckline and the $246.1 midpoint. Spot trading can utilize strategies of buying low and selling high around the neckline, while long-term caution is advised, keeping a close eye on the $183 support.