Filecoin Jumps 13% Ahead of 75% Emission Cut on October 15
- —FIL gained 13% in 24 hours and 50% in a month, back near $1.20
- —Annual FIL issuance falls from 88 million to 22 million tokens from October 15
- —Trading volume jumped 336% to $275 million from $63 million a day earlier
- —$1.4 million in leveraged positions were liquidated, mostly shorts
Why it matters: The 75% emission cut reduces supply pressure, but a breakout above $1.20 resistance will determine whether the rally continues.
Source: Crypto Insiders