Solana Mobile is developing a new cryptocurrency smartphone that will be more affordable than its predecessor, Saga. The new phone will have a built-in Solana wallet and a special app store with decentralized apps for users to explore. Solana Mobile aims to make the phone more appealing to a wider audience by improving the hardware and significantly reducing the price. The decision to release a new phone was inspired by the unexpected success of Saga, which gained a loyal following in the crypto community and caught the attention of investors interested in its token giveaways. If Solana Mobile can deliver on its promises, the new phone could be a significant step towards mainstream adoption of cryptocurrencies.

Solana Mobile has disclosed the latest data, stating that the past few weeks have been very special for Solana Mobile. As of now, more than 95% of Saga phones have been delivered, and the remaining phones to be delivered will be sent out this week. Solana previously announced that the limited inventory of 20,000 devices produced globally has been sold out in the United States and the European Union, and excess orders have been canceled, with refunds provided for customers who have canceled orders.

Marques Brownlee, a digital influencer with 18 million subscribers on YouTube, commented in his annual phone review that the Solana Saga is the worst phone of the year in his opinion: "No amount of BONK tokens can change the fact that this phone is terrible, with its heavy ceramic back cover, outdated camera hardware, and very small battery. This new phone, released on May 8th of this year, is full of flaws."It is reported that Solana Saga was jointly released by Solana official and OSMO team, using Android system and built-in Web3 features such as Seed Vault. When activated, the phone will give a Saga Genesis Token NFT to the bound wallet address. This NFT is non-transferable and currently holds a value of nearly $1000, allowing the holder to receive 30 million BONK and 100,000 ACS airdrops. The official price of the phone was $599 before it sold out.

Access Protocol has announced that it will distribute ACS tokens worth $250 to all Saga phone owners, providing them with a modest contribution to the Saga Retirement Challenge. The ACS token serves as a form of payment that holders can use to access a diverse array of crypto-themed content, including newsletters, AI-generated anime, headline feeds, and more. Saga phone owners may receive several airdrops over the next 12 months, and the ownership of the pivotal Saga genesis NFT indicates that numerous Saga owners have yet to set up their wallets, preventing them from receiving or selling any airdrops. The BONK price has resulted in a strong demand for the Solana Saga, with its price shooting to a premium of $5,000 on eBay earlier this week.

Solana launched the Web3 phone Saga, which comes with a bonus of BONK tokens worth more than the official price of the phone. Wallets holding the Saga Genesis Token obtained upon activating the Saga phone can claim 30 million BONK tokens within the Bonk DApp, which are currently worth over $750 as of the time of writing. The official price of the Solana Saga phone is only $599.

Anatoly Yakovenko, co-founder of Solana, recently stated in a podcast that the future of the Saga Phone, released by Solana, is unclear due to disappointing sales and constantly changing market dynamics. He also stated that he does not use his Solana Saga phone as his primary device, switching between Saga Phone and iPhone because there are too many business applications and contacts, making it difficult to support all security certificates, most of which are tied to the iPhone. Previously, reported that Anatoly Yakovenko, co-founder of Solana Labs, stated that Saga had only sold about 2,200 units and is considering more updates to attract core users.

Blockchain security firm Certik has discovered a critical vulnerability in Solana's Saga Phone, which endangers digital assets stored on the device, including sensitive cryptocurrency private keys. The vulnerability arises from the phone's security relying solely on its operating system, and the 'bootloader unlock' feature becomes a gateway for attackers to install custom firmware embedded with a root backdoor. More than 2,100 devices are potentially at risk, and the Solana Foundation has not publicly responded to these findings. This revelation significantly affects Solana's ambition of creating a crypto-centric smartphone, and the situation demands immediate attention to rectify the current vulnerability and reassess the overall security framework of the device.