Grayscale’s Filecoin (FIL) Holdings Hit Record High as Price Shows Signs of Recovery

Filecoin (FIL) is demonstrating strong recovery signs in November 2025, despite its price being far below previous cycle peaks, driven by renewed investor interest in projects with real-world applications like decentralized storage.

Trading demand for FIL has surged, with daily volume exceeding $1.4 billion in the first week of November, mirroring historical patterns that preceded strong price rallies. This renewed interest is attributed to the convergence of DePIN and AI storage narratives, as AI requires massive, decentralized storage solutions.

Further validating this trend, Grayscale Investments increased its FIL holdings to a record high of over 2.2 million tokens, accumulating aggressively even when the price was low. The Grayscale Filecoin Trust currently trades at a premium to its Net Asset Value (NAV), suggesting institutional belief in FIL's future value, although analysts note FIL remains significantly down from its peak, indicating a potentially long recovery path.

(Source：BeInCrypto)