Filecoin drops 11.5% to $0.887 after 40% rebound
- —FIL trades at $0.887, down 11.53% in 24 hours
- —The rally from the August 18 low of $0.614 was about 40%
- —On October 15, FIL issuance will fall from ~88 million to ~22 million per year
- —Funding rate is -0.0013%, order book ratio 1.11
Why it matters: The 75% issuance cut from October 15 could shift FIL's supply-demand balance, but the price has yet to price in that scenario.
Source: Coincu