Filecoin Drops Over 10% Amid Broad Crypto Sell-Off

Published at 2025-12-01 13:00:17

Filecoin plunged over 10% on Monday, moving in step with a market-wide downturn that saw the CoinDesk 20 Index slide nearly 7%. The sharp move reflects a wider risk-off mood among crypto traders, with FIL under pressure alongside other mid-cap tokens. The sell-off amplified short-term volatility for storage-focused assets and trimmed speculative positions across exchanges. Investors and traders will be watching whether FIL can find support as broader market sentiment stabilizes. The drop underscores how correlated token performance remains with overall crypto indexes; network fundamentals may matter more once panic subsides. For now, market participants are likely to monitor index flows, on-chain activity, and macro cues to gauge whether this is a correction or the start of a deeper leg lower.

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