🚨 $FIL biggest source of new supply is about to be cut by ~75% this October.
The price is already up 74% from its 0.6095 low.
Protocol Labs and Filecoin Foundation vesting ends, and the project itself estimates gross issuance falls by about 75%.
After that, new supply comes mostly from block rewards.
But a supply cut is not demand.
One Traders Union analyst called the recent rally "news-driven and not fully supported by fundamentals," while another sees a new bullish phase.
Real paid storage usage has to show up.
Classic "buy the rumor, sell the news," or the start of a new supply regime? 👇
#CryptoTrading #FIL
DYOR | NFA
The price is already up 74% from its 0.6095 low.
Protocol Labs and Filecoin Foundation vesting ends, and the project itself estimates gross issuance falls by about 75%.
After that, new supply comes mostly from block rewards.
But a supply cut is not demand.
One Traders Union analyst called the recent rally "news-driven and not fully supported by fundamentals," while another sees a new bullish phase.
Real paid storage usage has to show up.
Classic "buy the rumor, sell the news," or the start of a new supply regime? 👇
#CryptoTrading #FIL
DYOR | NFA
