Crypto Influencer Microwaves Solana's Saga Phone And Now It Is Selling As An NFT
Portfolio Pulse from Mehab Qureshi
A Solana influencer, Bangerz, microwaved a Solana Saga smartphone and turned the event into an NFT collection, which was minted for free on 3.land and traded on secondary markets. Despite initial interest, prices of the NFTs have dropped. Solana Labs is launching a new, more affordable phone model, 'Chapter 2', with 30,000 pre-orders already made. SOL's price has fallen by 6.92% in the last 24 hours.
January 19, 2024 | 11:08 am
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Solana's price has decreased by 6.92% following the viral microwaving of a Solana Saga phone by influencer Bangerz, who then created NFTs of the event. The incident may affect investor sentiment as Solana Labs prepares to launch a new phone model.
The price of SOL has already shown a decline, which could be partially attributed to the negative publicity from the microwaving stunt. However, the upcoming launch of a new phone model may mitigate the impact. The short-term effect is likely negative due to the recent price action and potential investor concerns over the brand's image.
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