After October 15, the sell pressure from new `$FIL ` issuance will be cut by 75%. The vesting periods for Protocol Labs and the Filecoin Foundation officially end on Thursday, bringing total annual new issuance across the network down to around 22 million `$FIL ` and sharply narrowing the flow of new supply.
Long-term institutional unlocks will have fully expired, removing most of the market’s most persistent source of new selling pressure. This dramatic tightening on the supply side is a solid supply-and-demand tailwind for `$FIL `; with selling pressure easing, resistance in the market should become significantly weaker.
Long-term institutional unlocks will have fully expired, removing most of the market’s most persistent source of new selling pressure. This dramatic tightening on the supply side is a solid supply-and-demand tailwind for `$FIL `; with selling pressure easing, resistance in the market should become significantly weaker.