Solana Cellular’s third-party distributor confronted stock points, sparking order cancellations and refunds for affected clients.
In an X post on Dec. 22, Solana Cellular, a cell tech firm creating the Solana Cellular Stack and Saga, revealed {that a} excessive surge in demand for its Saga product resulted in sellouts throughout the USA and the European Union.
Nevertheless, amid the hype, the corporate, which had a restricted stock of 20,000 gadgets produced globally, is dealing with challenges in fulfilling orders because of a listing administration points with a third-party distributor.
“In working to meet orders, we realized of a listing administration difficulty with our third-party distributor that resulted in an inaccurate illustration of our stock.”
Solana Cellular
The stock downside led to inaccuracies in representing the obtainable inventory that’s stopping the corporate from fulfilling orders positioned after the stock had been depleted. Moreover, orders flagged for suspicious exercise, similar to these with extreme machine portions or cost threat, had been additionally canceled, Solana Cellular added.
Clients impacted by the cancellations have been notified, with refunds scheduled to be processed within the coming days, the corporate says. For individuals who haven’t obtained a cancellation discover, Solana Cellular assured that their Saga gadgets are en route.
Unveiled in late October 2022, the Solana Saga is an IP68-rated smartphone operating on Android, featuring a 120Hz AMOLED display screen, a 50MP major digital camera, and as much as 1TB of storage, with an preliminary worth of $1,000.
In mid-November 2023, the blockchain safety agency CertiK released a video demonstrating a essential vulnerability exploit on Solana’s flagship Saga cellphone. In keeping with the agency’s analytics, the Solana Saga cellphone has a major vulnerability that might permit hackers to create a backdoor into its software program and compromise the machine.
Nevertheless, shortly after the information surfaced, Steven Laver, the lead cell software program engineer at Solana Labs, commented to the media that the video doesn’t disclose any recognized vulnerabilities or safety dangers for Saga house owners.
In early December, throughout an look on Laura Shin’s Unchained podcast, Solana CEO Anatoly Yakovenko acknowledged that the smartphone confronted an unsure future because of disappointing gross sales. However, as soon as the BONK craze started, Solana’s smartphones quickly sold out as Saga house owners might declare free 30 million BONK tokens, equal to about $565, as of press time.