Filecoin Jumps as Six-Year Vesting End Nears, Cutting FIL Supply by 75%

Filecoin Jumps as Six-Year Vesting End Nears, Cutting FIL Supply by 75%

October 12, 2026 by Rickie Sanchez

Key Takeaways

Filecoin (FIL) climbed 9.4% to $1.22 on October 12 as investors focused on an approaching reduction in token releases. The end of Filecoin’s six-year vesting schedule could reduce annualized new FIL supply from 89 million to approximately 21 million. Filecoin is also expanding its decentralized storage business, with greater emphasis on paid services, artificial intelligence and enterprise adoption.

Filecoin (FIL) is among the stronger-performing cryptocurrencies on October 12, climbing 9.4% to $1.22 as investors focus on a major change to the token’s supply schedule. The rally comes just days before Filecoin’s original six-year vesting period is expected to end on October 15, which could remove about 68 million FIL from annual token releases, slowing the pace at which new tokens reach the market.

Filecoin has already seen sharp price swings over the past several days, with FIL gaining more than 11% on October 10, while fresh buying interest has kept the token in focus ahead of the vesting deadline.

FIL Climbs 9.4% as Traders Focus on Supply Changes

FIL is trading around $1.22, up 9.4% over the past 24 hours, continuing a volatile stretch for the decentralized storage token. The latest gains follow another rally on October 10, when FIL briefly rose more than 11% and became one of the day’s strongest performers among large cryptocurrencies.

Although the price has moved up and down between sessions, attention has remained on the approaching end of Filecoin’s six-year token vesting schedule. The change is expected to substantially reduce new FIL releases, which could ease the amount of supply entering the market over time. However, that does not necessarily mean every token released under the previous schedule would otherwise have been sold. The impact on price will depend on how much selling pressure the vesting allocations actually created and whether demand for FIL