Storage token Filecoin rises on heavy volume

KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

• FIL rose from $1.52 to $1.60 over a 24-hour period
• Trading volume was 109% above the 30-day moving average.

Filecoin FIL$1.5550 advanced 6% in 24 hours, outpacing gains in the wider crypto market. The broader market gauge, the CoinDesk 20 (CD20) index, added 4.6%.

The storage token carved out a $0.19 range, hitting a high of $1.68 before settling into a tighter $1.56-$1.60 band, according to CoinDesk Research's technical analysis model.

The model showed that trading activity exceeded its 30-day average by 109%.

The price formed a series of higher lows from $1.55, with momentum decelerating into a tight range as volume dropped to below-average levels, confirming institutional accumulation during the initial spike with retail participation fading in subsequent hours, according to the model.

The tight correlation to the wider market shows the token currently behaves as a beta play on general crypto sentiment rather than responding to protocol-specific developments, the model said.

In the absence of clear fundamental drivers specific to Filecoin, technical levels at $1.55 support and $1.68 resistance became paramount as the market digested the elevated volume.

Technical Analysis:

• Immediate support established at $1.57 from the final hour's bottoming pattern, and then at $1.55
• 24-hour volume ran 109% above 30-day moving average, signaling elevated participation
• Series of higher lows from $1.55 established uptrend structure
• Immediate upside target at $1.59-$1.595 resistance zone
• Extended target at $1.68 period high if momentum is sustained
• Technical structure remains constructive with preserved higher-low pattern suggesting base-building for sustained advance toward reclaiming $1.60 psychological level

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

• KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
• This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
• Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
• Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
• Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.

• Binance Futures will launch silver perpetual contracts on Wednesday, offering up to 50x leverage on silver priced in U.S. dollars per troy ounce.
• The contracts are margined and settled in tether (USDT) with a minimum notional value of 5 USDT.
• Crypto traders are increasingly diversifying into precious metals.

Disclosure & Polices: CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of Bullish (NYSE:BLSH), an institutionally focused global digital asset platform that provides market infrastructure and information services. Bullish owns and invests in digital asset businesses and digital assets and CoinDesk employees, including journalists, may receive Bullish equity-based compensation.