Filecoin (FIL) has exploded 22.6% in the past 24 hours, reaching $1.08 as of 16:07 UTC on February 25, 2026, in one of the most significant single-day rallies for the decentralized storage network token.
The dramatic price movement pushed Filecoin’s market capitalization to $812.6 million, adding $148.7 million in value within 24 hours—a 22.4% increase. Trading volume surged to $157.8 million as investors rushed to capture the momentum.
Sharp Recovery From Recent Bottom
The current rally represents a remarkable turnaround from Filecoin’s all-time low of $0.81, recorded just three weeks ago on February 6, 2026. Today’s price of $1.08 marks a 31.5% recovery from that bottom, suggesting renewed confidence in the decentralized storage sector.
The token climbed from a 24-hour low of $0.8748 to a high of $1.077, demonstrating strong upward momentum throughout the trading session. In the past hour alone, FIL gained an additional 6.1%, indicating accelerating buyer interest.
Weekly Performance Shows Sustained Strength
Filecoin’s 7-day performance reveals consistent gains of 12.1%, suggesting this rally extends beyond a single-day pump. However, the 30-day chart shows FIL remains down 15.1%, indicating the token is still recovering from broader market pressures earlier this month.
With 754.1 million FIL tokens in circulation out of a total supply of 1.96 billion, the current market cap positions Filecoin as the 77th largest cryptocurrency by valuation.
Context: Down 99.5% From All-Time High
Despite today’s impressive gains, Filecoin remains 99.5% below its all-time high of $236.84 reached on April 1, 2021, during the previous crypto bull market. The token’s fully diluted valuation stands at $2.11 billion, assuming all tokens were in circulation.
Market Implications
The surge in Filecoin comes as decentralized storage solutions continue gaining attention in the crypto ecosystem. With $157.8 million in 24-hour volume—representing approximately 19.4% of the token’s market cap—the rally appears supported by substantial trading activity rather than thin liquidity.
Traders should monitor whether FIL can hold above the psychological $1.00 level and establish it as support. The token’s ability to maintain gains above this threshold could determine if this rally has further room to run or represents a temporary relief bounce from oversold conditions.
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About the Author: Ananya Melhotra
