Sales of Solana Phone Surge as Traders Chase BONK Arbitrage
Solana’s Sage phone is seeing a surge in sales on the backs of arbitrage traders chasing a lucrative BONK payout.
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Solana’s Sage phone is seeing a surge in sales on the backs of arbitrage traders chasing a lucrative BONK payout.
Prices reversed nearly all losses from last week following the announcement. BONK traded at $0.000014 on Thursday morning, with a trading volume of over $235 million.
A more than 70% surge since Sunday has catapulted it to the third-largest dog-themed tokens behind foremost dogecoin (DOGE) and shiba inu (SHIB).
Bonk took center stage in the Solana ecosystem in January as sentiment around the blockchain network took a hit in the aftermath of the Sam Bankman-Fried and FTX exchange debacle.