The SOL/USD exchange rate climbed to a new record high of $103 | STIPS|Oculus

The SOL/USD exchange rate climbed to a new record high of $103.06 following a 9.35% intraday rally.

The upside move surfaced days after Solana introduced "Ignition" on their official media handles. However, the team provided little details about the tool but prompted the community to guess that it would be about burning SOL tokens. Solana teases the community with "ignition," a mysterious feature that will go live on Aug. 31.

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