This protocol only rakes in $4 a day, yet its market cap is over 7 million times—FIL's bubble has inflated so much it's hard to believe.
FIL's current price is $0.92? Honestly, that price is still too high; it needs to be chopped in half to match its meager earnings.
Crypto analyst Ted Pillows has dug into these numbers:
On February 24, 2026, Filecoin's total protocol revenue was—$4. Just $4 a day. And what's FIL's fully diluted valuation (FDV)? $17.16 billion.
$4 in revenue paired with a $17.16 billion valuation means there's a staggering discrepancy of over 40 million times. What does that even mean? You could run a pancake stand and earn more than $4 in a day, while this crypto project, touted by many as the 'king of Web3 infrastructure,' only earns $4 a day.
FIL has plummeted 99.8% from its all-time high—if you invested $10,000 at the peak, you'd have about $20 left in your account now.
A 99.8% drop, and it's still not the bottom.
Isn't this a reason to short? No, it actually points out that the first half of the drop is done, but the path to zero is still long. $0.92 is far from the end.
Take profit at $0.70? I see it breaking $0.70 as just a matter of time. Setting a stop-loss at $1 above the resistance level makes sense, but given this thing's fundamentals, any bounce above $1 would be a bull's last hurrah.
#FIL #ProtocolRevenue4Dollars #ValuationBubbleSoRidiculous $FIL