$FIL is trending on Square, but there’s no new catalyst on-chain
$FIL has seen a surge in searches on Binance Square, making it one of today’s trending coins. But its spot price hasn’t followed suit with a sharp rise. 📉
I’m firmly on the “funds just circulating” side. Some believe the spike in search volume signals a huge rally, but after looking through all the activity, there are no new official proposals at all. By “funds just circulating,” I mean no new money is coming in—existing holdings are simply changing hands between accounts. 💡
Keep a close eye on three specific indicators next: first, whether 24-hour trading volume rises in step with search volume; second, whether large transfers are still flowing into exchanges; and third, whether the official community announces any substantive developments. 👀
Don’t wait for a ship at a windless dock. It hasn’t even set sail—you’re just left standing on shore. ⛵
#Filecoin $FIL
$FIL has seen a surge in searches on Binance Square, making it one of today’s trending coins. But its spot price hasn’t followed suit with a sharp rise. 📉
I’m firmly on the “funds just circulating” side. Some believe the spike in search volume signals a huge rally, but after looking through all the activity, there are no new official proposals at all. By “funds just circulating,” I mean no new money is coming in—existing holdings are simply changing hands between accounts. 💡
Keep a close eye on three specific indicators next: first, whether 24-hour trading volume rises in step with search volume; second, whether large transfers are still flowing into exchanges; and third, whether the official community announces any substantive developments. 👀
Don’t wait for a ship at a windless dock. It hasn’t even set sail—you’re just left standing on shore. ⛵
#Filecoin $FIL