Solana Labs Kicks Off Pre-Orders for New Smartphone Weeks After First Edition of the web3 Device Sold Out

Solana (SOL) Labs is kicking off pre-orders for the new version of its crypto-focused smartphone weeks after the first edition sold out in a frenzy.

Solana Mobile is offering customers a “Founder Window” to deposit $450 for the upcoming “Chapter 2” phone, which the project says is expected to ship in the first half of 2025.

Solana Mobile says “the goal” is for the $450 deposit to cover the full price of the phone, excluding taxes, shipping and fees.

The company’s goal target is to hit 100,000 pre-orders. Solana Mobile says they may not proceed with the release of the phone if that target isn’t met, and the company will refund deposits if that happens.

The Ethereum (ETH) challenger started shipping the first version of its smartphone, Saga, in April.

In December, Solana Mobile announced that its web3-enabled phones had sold out. One possible contributing factor to the sales: buying a Saga came with a reward of free Bonk (BONK), a Solana-based Dogecoin (DOGE) competitor, according to the project’s website.

Decentralized finance (DeFi) crypto wallet Phantom indicated the size of the reward was 30 million BONK, a trove that was worth up to $630 in December as the memecoin surged in price. The Saga’s price was reduced to $599 in August.