Filecoin Soars 90% in 24 Hours: A Breakdown of the Price Surge

As of November 7, 2025, Filecoin (FIL) experienced a remarkable price surge, increasing by approximately 90% within the last 24 hours. Its price jumped from around $1.30 to $2.60 before settling around $2.20- $2.50 depending on the exchange. This marks one of FIL’s most significant daily price jumps in 2025, defying a broader cryptocurrency market downturn (Bitcoin down ~1–2%). While no singular news event triggered this impressive rise, several factors likely contributed: growing sector hype, technical indicators, and positive ecosystem developments. We’ll examine the key drivers below.