With only three days until the unlock tap shuts off, $FIL moved first.
The official Filecoin account was very clear: on 10/15, the six-year linear unlock for Protocol Labs + the Foundation ends. Annual new supply will be cut from around 89 million FIL to about 21 million—a roughly 75% drop in gross issuance, the biggest cut since mainnet launched. CryptoBriefing reiterated the same timeline on 10/10.
Binance spot rose today from around 1.11 to a high of 1.276, and is now around 1.21, up about 9% over 24 hours, with roughly $34.8 million in trading volume. BTC is nearly flat; it’s pricing in the calendar.
I’m leaning bullish on this stretch: what’s confirmed is that the supply cliff arrives in three days. Whether paid demand from Onchain Cloud can take over is another story—don’t conflate the two as cause and effect. For now, focus on the supply side; bullish through 10/15.
#$FIL #Filecoin $FIL
The official Filecoin account was very clear: on 10/15, the six-year linear unlock for Protocol Labs + the Foundation ends. Annual new supply will be cut from around 89 million FIL to about 21 million—a roughly 75% drop in gross issuance, the biggest cut since mainnet launched. CryptoBriefing reiterated the same timeline on 10/10.
Binance spot rose today from around 1.11 to a high of 1.276, and is now around 1.21, up about 9% over 24 hours, with roughly $34.8 million in trading volume. BTC is nearly flat; it’s pricing in the calendar.
I’m leaning bullish on this stretch: what’s confirmed is that the supply cliff arrives in three days. Whether paid demand from Onchain Cloud can take over is another story—don’t conflate the two as cause and effect. For now, focus on the supply side; bullish through 10/15.
#$FIL #Filecoin $FIL