Solana’s SAMO memecoin surges 24% due to airdrop for Saga mobile users

Owners of a total of 20,000 Solana Saga smartphones produced to date have received massive airdrops and token rewards as sales have surged in recent weeks. Now, the program is undergoing another airdrop, and the price of the associated token has increased over the past day.

Samoyedcoin (SAMO), a long-standing Solana memecoin that reached its highest price in 2021, previously announced plans for an airdrop for Saga holders and confirmed on Monday that the event was coming. On Tuesday, the coin’s creators opened inquiries to Saga holders, and the token’s price appeared to be surging as a result.

SAMO rose from around $0.0135 to around $0.0175 early on Tuesday, after which it lost some of its gains and fell to its current level of $0.015. At the time of writing, the price is up around 17% in the past 24 hours.

Source: Tradingview

Saga owners can reportedly Require 1,250 SAMOs are worth nearly $20 at current prices. At the peak price of $0.237 in 2021, the value of the airdrop is only $300. Solana Saga buyers will be able to receive airdrops of BONK and Access Protocol, which will help increase demand for the phone.

Following the rise of memecoin BONK, Saga was sold out in December, with the value of the airdrop even exceeding the price of a phone. At BONK’s peak price, the airdrop was worth approximately $1,025, although BONK has since fallen significantly – the 30 million tokens available to Saga holders are now only worth around $400 in total.

Solana Labs, a startup formed by the founders of blockchain network Solana, revealed potential future plans for the Saga smartphone when it publicly launched a crypto-friendly Android phone in April. /2022 is receiving more and more attention.

And the creators of Samoyed Coin are likely to bring the next wave of benefits to Saga holders.On Monday, the team announced Debut Saga Tools, a platform that allows other Solana developers to launch airdrops and other benefits specifically for Solana mobile users.

You can check coin prices here.

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