Current Snapshot$FIL
Price (USD): ~ $1.48 per $FIL Bitget+2TradingView+2
24-h change: ~ -5% to -7.5% depending on exchange Binance+2Bitget+2
24-h trading volume: ~ $130M USD CoinMarketCap+2Binance+2
Circulating supply: ~ 723.6 million FIL Crypto.com+2DropsTab+2
Market cap (approx): ~ $1.07B USD Bitget+2MetaMask+2
All-time high (ATH): ~ $237.24 — meaning current price is roughly 99% below the peak. Binance+2Crypto.com+2
🔎 What is Filecoin and Why Price Matters
Filecoin is a decentralized storage network / protocol: $FIL tokens are used to pay for storing and retrieving data, and to incentivize “miners” who allocate storage space. Wikipedia+2Filecoin+2
The token’s value tends to reflect demand for decentralized storage plus overall crypto-market sentiment. Wikipedia+2Filecoin+2
Given how far off the ATH it is, some investors view FIL as a long-term value / recovery play, especially if adoption of decentralized storage grows.
📉 Recent Performance & Market Pressure
FIL has dropped ~5-7% in last 24 h, and ~8-10% over last week. Bitget+2Binance+2
The decline happens despite generally high trading volume — a sign that selling pressure may still dominate short-term sentiment.
Over the past year, FIL’s price has fallen sharply (down ~80-85%), reflecting a prolonged bear cycle / crypto-market downturn. Yahoo Finance+2TradingView+2
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