FIL gained roughly
↗6.6%
over the past week from all-time lows, outpacing similar blockchain projects even as sellers still outnumber buyers nearly 2-to-1.
Short-term bounce meets persistent selling
FIL climbed roughly
↗6.6%
over the past week, beating Layer 1 blockchain projects by approximately
↗5.7%
, though sellers still outnumber buyers nearly 2-to-1 and the price remains down roughly
↘10%
over the past month.
Trading activity shows mixed signals
Trading activity jumped approximately
↗28%
in the past 24 hours with more buyers stepping in, though weekly activity fell roughly
↘42%
, suggesting the recent interest may be short-lived.
Broader market rotation provides backdrop
The weekly gain tracks the broader crypto market's rotation away from Bitcoin, with Bitcoin investment products losing over $290 million
while investors shifted to other digital assets.