Solana’s Chapter 2 Mobile Airdrops Temporarily Exceed Pre-Order Cost

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As a researcher with a background in blockchain technology and crypto markets, I find the Solana Mobile Web3 phone Chapter 2 airdrop phenomenon intriguing. Based on my analysis of the data provided, it appears that early adopters who pre-ordered the device were pleasantly surprised by the value they received from the accompanying airdrops.

Individuals who had pre-ordered the Solana Mobile Web3 phone and were part of Chapter 2 were in for a pleasant surprise when the worth of the airdrop they obtained momentarily exceeded the original price of the device.

Based on information from the airdrop monitoring site twoloot.com, the worth of the digital assets given away for free surpassed $480 on Thursday, which was when the token prices attained their peak. Notably, these digital assets were acquired by users for an initial cost of $450. Consequently, individuals who obtained airdrop allocations and subsequently sold their holdings during the price peak earned a profit of $30 without even receiving the actual device yet.

Solana Chapter 2 Phone Accompanied with Airdrop

This year in January, the new Solana-powered phone, named Chapter 2, was introduced to the market following the swift sale-out of the initial Solana mobile device, Saga, both in the US and Europe. Contrasting the gradual demand growth experienced by Saga at its launch, Chapter 2 sold out completely within a single day.

according to Solana co-founder Raj Gokal, the phone project surpassed its weekly sales target in a single day. The Android device is currently being developed and the initial shipment is anticipated to be delivered to customers by mid-2024.

Before placing pre-orders, customers were asked to connect a Solana wallet address in order to become eligible for any prospective airdrops associated with the device, similar to the process with Saga.

In April, airdrops from two Solana meme coin projects, Cats in a Dogs World (MEW) and Maneki (MANEKI), became available. MEW rewarded all those who had pre-ordered with a total of 37,600 tokens, while Maneki distributed approximately 5,200 tokens to its recipients.

Based on information from CoinGecko, the tokens hit their highest prices at $0.0089 on April 24 and $0.269 on April 25. During this time, the value of each purchaser’s MEW holdings amounted to $334 and $129 respectively, adding up to a total worth of $463.

Solana Meme Coins Hit with Market Volatility

As a researcher studying Solana-based meme projects, I’ve come across Wuffi (WUFFI) which likewise treated its buyers to an airdrop. The project dispersed a total of 114,000 tokens directly onto mobile devices. The combined value of these airdrops surpassed the cost of acquiring a new phone and added an extra profit on Thursday.

At present, on Friday, the value of meme coins has noticeably decreased as a result of the market’s instability.

MEW, which was previously worth above $300, now stands at $220 while MANEKI dropped to $124.

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2024-04-26 17:30