Filecoin (FIL) price dropped by 1%, market performance is weak.

Decline in Filecoin and Increasing Trading Volume

Filecoin (FIL) price has dropped by 1% to $1.21 following its previous strong performance. This decline aligns with the overall performance dip observed in the cryptocurrency market.

A notable situation is the increase in trading volume, which has risen by 19% above weekly averages. This increase indicates that institutional investors are showing heightened interest in Filecoin.