Filecoin (FIL), as a leader project in the field of Decentralization storage, is currently at a historical low price, down 98.7% from the historical high of 237.24 USD in 2021, with a current price of about 2.45 USD and a market capitalization of about 1.65 billion USD. Although the price performance is sluggish, the fundamentals of the Filecoin network are improving, with daily new storage transactions reaching 3.5 PiB in the second quarter of 2025, a month-on-month rise of 25%, and network utilization increasing to 32%. With the ongoing development of the Filecoin Virtual Machine (FVM) and the expansion of the application ecosystem, FIL is in a stage where technical value and market sentiment are seriously diverging.

Investment advice: Based on the risk preferences of different investors, we provide differentiated suggestions:

• Aggressive investors: can consider FIL as the main investment target, allocating 15-20%, utilizing the current low position for layout, and holding long-term to capture value return opportunities.

• Balanced investors: It is recommended to allocate 5-10% of FIL as part of a diversified investment portfolio, focusing on the performance improvements brought by the F3 upgrade in the fourth quarter of 2025.

• Conservative investors: can allocate no more than **5%** of their portfolio, or temporarily wait and observe for signs of price stabilization and further validation of application deployment.