FIL Token Holds Above $2.20 After June Sell-Off, $51,600 Liquidated Amid Storage Growth

Filecoin (FILUSDT) is trading at $2.291, reflecting a 2.34% decline over the past 24 hours (24h open: $2.346). The recent price decrease is primarily attributed to ongoing volatility following a significant sell-off on June 17, 2025, when FIL broke a key technical support level at $2.52, intensifying selling pressure and triggering liquidations, including $51,600 in long positions at $2.257. Despite this, Filecoin maintains robust network fundamentals, with its decentralized storage solutions adopted by major institutions and a total storage capacity of 600 exabytes. Current market activity shows steady trading volume and a market capitalization estimated between $1.3 and $1.5 billion, with the price stabilizing above $2.20 after recent declines and forecasts indicating modest growth in the near term.