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Market News

Solana Saga Orders Canceled Due to “Inventory Management” Issue

The company has canceled several orders which were placed after existing inventory ran out.

Written By Gopal Solanky
Published 2023-12-22·Updated 6 months ago
Make The Crypto Times preferred on GoogleGoogle
Solana Saga Orders Canceled Due to “Inventory Management” Issue

Solana has canceled several Saga phone orders that were placed after existing inventory ran out as the company faces issues with third-party distributors.

Solana Mobile shared a post and informed that affected customers were notified via email regarding the cancellation of their order and that they would be refunded in the coming days. The company has also canceled suspicious orders from users who sought multiple devices.

Last week, we saw an overwhelming demand for Saga, with sellouts in both the US & EU on our limited inventory of 20,000 devices produced globally.

In working to fulfill orders, we learned of an inventory management issue with our third-party distributor that resulted in an…

— Seeker | Solana Mobile (@solanamobile) December 22, 2023

“We learned of an inventory management issue with our third-party distributor that resulted in an inaccurate representation of our inventory,” said the company. “Given this, we are unfortunately unable to fulfill orders that were placed after inventory ran out.”

The company said that it only produced 20,000 devices globally, which sold out on December 18, as the demand for Saga surprisingly increased recently as users rushed to claim 30 million BONK tokens airdropped along with the phone.

The rush for Saga was intangible, as the total BONK airdrop value exceeded the actual cost of the phone after BONK surged to record highs.

Following the BONK airdrop, several other projects also announced that they would be airdropping tokens exclusively for Saga owners. This news fueled Saga’s demand even more, and it once sold for $5,000 on eBay, which is nine times higher than its market price.

Also Read: Another $250 Airdrop For Solana Saga Owners After 30M BONK

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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