FIL Token Holds Steady at $2.08 Amid Market Downturn Despite Avalanche Partnership Boost

Filecoin (FIL) is currently trading at $2.089 on Binance, reflecting a 2.34% decline over the past 24 hours from an open of $2.139. The recent price decrease can be attributed to ongoing short-term market weakness and a broader downward trend observed over the past ten days, during which FIL has experienced reduced trading volumes and persistent market uncertainty. While the announcement of a strategic partnership with Avalanche on June 22, 2025, provided a brief positive sentiment and modest rebound, this was outweighed by continued selling pressure and a lack of sustained bullish momentum. Key technical upgrades and growth in Filecoin’s DeFi ecosystem have supported long-term utility, but have not yet translated into immediate price recovery. In the last 24 hours, FIL has shown low volatility with a stable market cap near $2.08 billion and a 24-hour trading volume of approximately $244 million, as the asset remains within a cautious and consolidating market environment.