BGSOL Staking Successfully Collects IDR 157 Billion In 24 Hours

Staking BGSOL managed to collect IDR 157 billion in 24 hours (Photo; Doc. Investx)

JAKARTA - Solana has just recorded an extraordinary achievement with its BGSOL staking program that managed to raise funds of up to 10 million US Dollars (Rp157 billion) within just 24 hours of its launch. With a very attractive annual yield of 22%, this program not only attracts investors' attention, but also shows a new belief from the community in this project. The current SOL price is at 173.30 US Dollars (Rp2.7 million), up 3.44% at the time this news was written, signaling a strong recovery potential.

Looking at the technical SOL indicators, a positive picture is starting to appear. Moving Average Convergence (MACD) indicators show a bullish crossover, where the MACD line is above the signal line and continues to show an upward trend. This crossover is often a sign that prices will continue to rise.

On the other hand, Relative Stretch Index (RSI) is currently at 63, indicating a healthy purchasing power without entering overbought conditions. The combination of these two indicators reinforces a bullish perspective, suggesting that SOL has the potential to maintain its upward path in the near future.

Social engagement data shows that Solana's influence in the crypto world is increasing. Currently, Solana's social dominance is at 3.97%, reflecting a strong presence on various social platforms. This increase in social attention often has an impact on investor interest, which in turn can push prices higher.

With increased visibility among crypto enthusiasts, Solana's market attraction and traction are getting stronger. The more investors look at Solana, the greater the potential for this asset to influence the wider market.

One significant sign of trust comes from whale activity. In this case, Solana's main holders have accumulated about 59.15% of stablecoin reserves. This high percentage indicates that the big players are positioning themselves with sufficient liquidity, the possibility of investing heavily in SOL. The concentration of stablecoin among these main holders indicates readiness to make further investments, which could contribute to the momentum of rising SOL prices.

Looking at liquidation data, there are about 365,300 US Dollars (Rp5.7 billion) from the liquided short position, compared to only 87,250 US Dollars (Rp1.3 billion) from the long position. This imbalance shows a potential short size, where rising prices force traders holding short positions to close their positions, thus driving higher prices. This liquidation pattern adds to Solana's bullish prospects, as the short size effect often enlarges rising price movements in assets experiencing high demand.