FIL Token Slides 7% Amid Market Volatility Despite Grayscale Accumulation and Strong Trading Volume

Filecoin (FIL) is currently trading at $2.104 on Binance, reflecting a 7.31% decline over the past 24 hours from a 24h open of $2.270. The recent sharp price drop can be attributed to ongoing market volatility, with a notable technical breakout earlier in June followed by a quick reversal as FIL failed to sustain support above key levels. Despite Grayscale increasing its FIL holdings by 30,000 tokens (now holding approximately 2,005,800 FIL), broader crypto market fluctuations and a lack of strong immediate catalysts have contributed to the downward pressure. Overall, FIL remains active with robust trading volume and a market cap estimated around $1.32 billion, as the token consolidates within a $2.10–$2.80 range amid cautious optimism for ecosystem growth and recent technical developments.