Solana's "Chapter 2" Phone Airdrops: Cat Memecoins Claw Back Device Cost

Cat-themed memecoins, Maneki (MANEKI) and Cat in a Dogs World (MEW), have surged in value since their airdrops for Solana's "Chapter 2" phone pre-orders, temporarily covering the device's cost of $450. With additional airdrops in the pipeline, the total value of the memecoin airdrops has reached $385.62, close to the pre-order price.

Solana's "Chapter 2" Phone Airdrops: Cat-Themed Memecoins Temporarily Cover Device Cost

Introduction:

The recently released cat-themed memecoin airdrops for the upcoming Solana "Chapter 2" phone have temporarily offset the cost of the device, marking a significant development in the intersection of cryptocurrency and consumer technology.

Airdrop Details:

On April 24th, an airdrop of 5,199 "Maneki" (MANEKI) tokens was distributed to Chapter 2 pre-order customers. This was preceded by an earlier airdrop of 37,600 "Cat in a Dogs World" (MEW) tokens on April 1st.

Value Surge:

At its peak, the combined value of these two airdrops reached $459, surpassing the $450 pre-order price of Chapter 2. This windfall has effectively offset the majority of the phone's cost for many pre-order customers.

Token Performance:

According to CoinGecko data, both MANEKI and MEW have experienced fluctuations in value in the past 24 hours. MANEKI has appreciated over 10%, while MEW has declined by 3%.

Current Value:

At the time of writing, the MANEKI airdrop is valued at $127.38, while the MEW airdrop is worth $214.78, according to Two Loot.

Additional Airdrops:

In addition to the cat-themed airdrops, three other memecoin airdrops – WUFFI, IQ50, and CWIF – have been distributed to Chapter 2 pre-order customers, bringing the total value of airdrops to $385.62.

Affordable Crypto Phone:

The Solana "Chapter 2" phone is presented as a cost-effective successor to the company's inaugural cryptographic phone, the Saga. Upon its release in 2025, it is expected to be one of the most affordable crypto phones on the market.

Customer Participation:

To qualify for airdrops, Chapter 2 pre-order customers link their Solana wallet addresses, enabling them to receive these tokens prior to receiving the device.

Memecoin Precedent:

This phenomenon is reminiscent of the success of Bonk, a canine-themed memecoin that covered the cost of the original Solana Saga phone. Following a surge in its value in December 2022, the combined value of the 30 million BONK tokens included with each Saga phone exceeded the device's purchase price.

Market Impact:

The recent increase in memecoin values has led to a rapid sell-out of Saga phones, with 20,000 units sold within a short time frame. Stock shortages have resulted in order cancellations and refunds.

Resale Market:

Some reports indicate that resold Saga phones have reached prices as high as $5,000 on eBay.

Conclusion:

The cat-themed memecoin airdrops for the Solana "Chapter 2" phone have provided a unique opportunity for early adopters to partially recoup the cost of the device. This phenomenon underscores the growing influence of cryptocurrencies and memecoins in the consumer electronics market. As the Chapter 2 phone nears its launch in 2025, it remains to be seen whether the value of these airdrops will continue to rise, further offsetting the device's cost.