#FIL# From a pawn in the crypto world to a pioneer in space: The rebirth journey of FIL hides the cruelest truth of investment.

Do you still remember that once glorious Filecoin?
In 2021, it once surged to a high of $230, being hailed as "the Bitcoin of Web3 decentralized storage". However, just a few years later, it was brought back down to reality by the market—now it's only over 2 dollars, having dropped by 98%, almost like transitioning from the pride of the crypto world to a **"discarded asset in the crypto world"**. But do you think it's over? No, it may be brewing a quiet yet fierce comeback. 🚀 The "99% plunge of FIL" is not the end, but the beginning of an elimination round. Many people ask, should we still touch FIL now? Is it about to go to zero? Let's ask from a different perspective: in a bear market with no bottom, the projects that are still alive are the ones most deserving of respect. FIL is not without fundamentals; it has the largest decentralized storage network in the world. FIL is not unused; the FVM virtual machine and retrieval market are slowly sprouting. More importantly, Grayscale is still aggressively increasing its holdings! 💰 Grayscale's "heavy buying" is not based on faith, but on a bottom-fishing logic derived from calculations. Grayscale started buying FIL in 2021, with an average price of $90 at that time. In 2024, they suddenly went on a buying spree: buying 350,000 and 290,000 coins in a single day was not an issue; by July 2025, Grayscale's total holdings exceeded 2.03 million coins, and the average cost was directly slashed to just over $11! Note that Grayscale is buying trust products, which have no redemption mechanism, meaning they cannot be sold at any time. They are genuinely betting on the long-term value of Filecoin. In summary: Wall Street is not here to speculate on coins; they are here to collect chips at low prices. 👨‍🚀 Juan: The least "speculative" among tech people, and also the most perplexing kind of founder. Juan Bennett, the founder of FIL, is a man with the aura of a "blockchain scientist". He doesn't pump prices, doesn't call for orders, doesn't chase AI trends, and doesn't engage in hype; he lives like a "Buddhist engineer" who is indifferent to worldly affairs. The problem is: if you don't speculate, others will! FIL has a high operational threshold, poor user experience, and storage efficiency that cannot match AWS; the ecosystem developers are limited, and FVM applications are sparse; the SAFT unlocks too aggressively, releasing 400,000 coins daily, which the market simply cannot absorb. Surviving in this environment relies on the community holding it up bit by bit and Grayscale secretly increasing its holdings. 🌌 From "storing files" to "storing the universe": the underlying logic of FIL has actually changed. In the past, many people thought FIL was just a storage coin. But now, Filecoin is quietly evolving into "space data infrastructure". Don't forget, in 2024, Juan and his Protocol Labs team are already researching **"interstellar storage"**, and they are genuinely working on satellite plans. This is not a PowerPoint presentation; they really intend to use Filecoin "on satellites". Coupled with the explosive data demand brought about by AI, if Filecoin can truly become the data warehouse for large models, then the valuation logic of FIL will shift from the "crypto world" to the "infrastructure circle". Imagine, today everyone mocks it, and tomorrow it becomes "the Dropbox for AI". ⚠️ What is the most brutal truth about investing? No one will tell you the truth in the valley; all wealth transfers occur in silence. The 99% plunge of FIL has indeed hurt many people; but Grayscale's wave of low absorption is a naked capital operation; retail investors are arguing, hiding, and cutting losses, while institutions are calculating, buying, and hoarding. Retail investors make decisions based on emotions, while institutions make decisions based on data. Therefore, the most brutal truth is: those coins you think are "done for" may actually be the starting point for big players to double their investments. ✅ Will FIL return to its peak? How should we view it? To be honest, it's almost impossible for FIL to return to $230. However, returning to $6-$10 is not actually crazy. The premise is: Juan needs to let go of his "technical obsession" and truly embrace the market; the FVM ecosystem needs to come alive, and AI data needs to enter the arena; the project party needs to truly activate developers and application scenarios. Once these conditions are met, Grayscale's bottom-fishing will become a "textbook-level institutional layout". 🧭 Finally: the hardest part of investing is not choosing coins, but enduring the value that others cannot see. **FIL is a long-term project, not for short-term players.** It may not be the fastest rising, but it may be the one that endures the longest in a bear market. Perhaps those who truly understand it are not the retail investors chasing trends, but capital players like Grayscale who are "few words but accurate". Now you may be asking if it is a bottom-fishing opportunity.
Then let me reply to you with a phrase: the moment it falls to the point where "the entire network thinks it is dead" is precisely when its value begins to awaken.