Solana hits 100k preorders for second cell machine, 5 instances authentic manufacturing

Solana Cellular stated in a Feb. 12 announcement that it has attained 100,000 preorders for its upcoming “Chapter 2” cell machine.

The agency stated that these 100,000 preorders occurred over lower than 30 days, noting that this quantity signifies that the early preorder value ($450) will finish in 48 hours. Solana Cellular’s web site provides that the product ought to ship within the first half of 2025 now that this milestone has handed.

Solana beforehand bought 20,000 Saga smartphones, and of that whole, 15,000 have been bought in a single day. The corporate reported “overwhelming demand” for the product on Dec. 21, which led it to exhaust its world stock round that point. The corporate additionally described a listing administration subject, inflicting it to cancel orders past these it might fulfill.

By the way, that surge in demand got here after underwhelming preliminary gross sales. By Dec. 6, the corporate had bought simply 2,500 units, main Solana to rethink the cell market.

The most recent providing might characterize a change in technique. Whereas Solana’s authentic Saga machine was a smartphone, Solana Cellular’s web site doesn’t affirm that the newest machine is a telephone beneath the FAQ merchandise “Is Chapter 2 a telephone?” Moderately, it solely signifies that the machine is cell.

Previous gross sales largely pushed by BONK memecoin

Solana Cellular has supplied little clarification for its excessive gross sales in December. Its web site states: “It wasn’t our doing; it was the Solana builders who made it occur.”

Nevertheless, earlier demand has been extensively attributed to a value surge that drove up the worth of the Solana-based memecoin BONK. Every Saga smartphone included rights to assert BONK in an airdrop. At its peak on Dec. 15, 2023, the 30 million BONK claimable by way of every telephone was price about $985, whereas Solana’s Saga telephone value simply $599.

Although it’s unclear whether or not Solana’s Chapter 2 machine will probably be equally worthwhile based mostly on probability market situations, Solana Cellular says customers will profit from reward applications.

Reward sponsors embody the NFT marketplaces Magic Eden, DRIP, and Tensor. Others embody the Solana wallets Solflare and Phantom, the NFT pockets Backpack, and DEX Jupiter. People can earn rewards by way of referral hyperlinks and Chapter 2 Preorder Tokens.