Web3 Saga smartphones from Solana began selling on eBay for over $2,000 due to the hype surrounding the BONK meme token airdrop.
Some devices are even more expensive - two phones went for $5,000, and another was purchased for $3,361. Sales of Solana smartphones increased more than 10 times after traders found an arbitrage opportunity.
Saga holders receive a guaranteed distribution of 30 million BONK. Considering the recent growth of the coin, their cost completely pays for the smartphone. At the peak of the asset, users received about $900 in meme cryptocurrency for a device costing $599.
The team later had to cancel some accepted orders for Saga due to "inventory issues" with a third-party distributor. Due to growing demand, a reserve of 20,000 devices for the US and EU markets has been sold out. There is no way to quickly replenish it.

FTX has filed an amended plan of reorganization that will value its assets at the rate at which it filed for bankruptcy on November 11, 2022.
That day, Bitcoin was trading at around $17,000. At the beginning of November 2022, the FTT token was valued at about $26, while now it is about $3.8.
The plan says that certain classes of creditors can vote on the changes. The authors believe their proposed approach “reflects many trade-offs to create the best, fairest, and most cost-effective outcome.”
One of the creditors noted that the new reorganization plan contradicts FTX's Terms of Service, which make digital assets the property of users.