A day before launch, Ignition Solana (SOL) reaches $100
A day before launch, Ignition Solana (SOL) reaches $100 A day before launch, Ignition Solana (SOL) reaches $100

The announcement of a mysterious event called “Ignition” has ignited expectations for the SOL exchange rate: the price of Solana has exceeded $100 for the first time ever.

Tomorrow could bring another price record, because that’s when the “Ignition” feature will be implemented, which means… ignition.

Will Solana’s combustion begin tomorrow?

Many cryptocurrency enthusiasts believe that tomorrow’s “Ignition” is nothing more than a combustion feature that will reduce SOL, which could benefit the price. This is also indicated by a short video promoting the action, which shows the flame of a lighter. Note, however, that this information has not been officially confirmed, so it may turn out that the event “Ignition” will have nothing to do with the burning of tokens SOL. This is because previous actions of this type were not advertised in any way, nor were they accompanied by a dedicated sub-site, as is the case with tomorrow’s event.

At solana.com/ignition, for now, you can leave an email address to stay up to date with “Ignition”. It also features a cryptic message that reads: T-minus 3, 2, 1… Only the sky is the limit. What will you release on the market? August 31 – October 8.

“T-minus 3, 2, 1…
The sky’s the limit. What will you launch?
August 31st – October 8th”

At the time of writing, the Solana (SOL) exchange rate is $100.40. ATH, which occurred a few hours earlier, was recorded at $101.57.

So while the presence of a lighter in the video promoting the event may indicate combustion, the “what will you launch?” notation is more indicative of new developments for developers using Solana to create decentralized applications. So far, several successful NFT projects have already launched on Solana (including the popular Degenerate Apes). In the case of Solana Apes, it only took eight minutes to sell all of the 10,000 available non-exchangeable tokens for a total of SOL 96,000.

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One thing is for sure: on August 31, the SOL exchange rate may surprise even the biggest Solana enthusiasts. For more information on this blockchain, check out the articles Solana | Vademecum of knowledge on this summer’s hottest blockchain and trivia about Solana.

From the Editor

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