The first customers have received the Saga model, the first batch of Solana phones. It is an entirely Android-compatible smartphone with extra features for interacting with the Solana blockchain, as was to be expected.
Having said that, it’s possible that Saga will go above and beyond what has already been announced in regard to BONK, which the official SOL Mobile account has suggested might be burned.
Will Solana incorporate BONK Inu burns?
The official Twitter account has also made hints about the potential to buy Saga in exchange for a meme token, in addition to the potential to burn the Bonk Inu token using Solana’s phone features.
A new meme coin called Bonk Inu (BONK) is a sort of Solana-based successor to Shiba Inu (SHIB) and Dogecoin (DOGE). Even though the hype surrounding it only recently increased, the token has already increased by 5.351%.
Numerous Solana-based projects and even official blockchain accounts are actively promoting it at the same time. BONK has a monstrously enormous token supply of 99.185 trillion, just like Shiba Inu. Similar to SHIB, it is suggested to burn the Bonk Inu token to lower the number of zeros.
Over half of the 815 billion BONKs burned to date were intended for the DeGods team, Solana’s most well-known NFT collection. However, the Bonk Inu team retaliated by setting fire to their BONKs after the DeGods team left their blockchain after failing to reach an agreement with SOL.
On January 4, WU Blockchain reported that the well-known Meme token BONK had overtaken USDC and SOL as the token with the ecosystem’s highest 24-hour trading volume.
BONK is a decentralized cryptocurrency that was developed for and by the SOL community. The community received a 50% airdrop of the cryptocurrency’s total supply.
According to Bonk’s one-pager, the project’s developers were dissatisfied with “Alameda’s” toxic tokenomics and desired to develop a more welcoming and enjoyable meme coin where everyone would have an equal chance to participate.