$FIL Last night I couldn't sleep and impulsively did a rough calculation of FIL tokens.

From October 15, 2025, onwards, only miners and project unlocks will remain.
Based on the current number of miners, a rough estimate shows:
Daily will reach: over 60,000.
Project daily unlocks: 50,000.
Minimum daily new tokens: 110,000.
That amounts to over 40 million tokens per year.
If the annual inflation is 900 million, it’s between 4-5%, actually around 5% is more likely because of the minimum daily increase.
Tokens with 5% annual inflation,
and the halving is linear halving. Honestly, the inflation is too high.
In terms of on-chain revenue, there is almost no income to speak of, sometimes a few dozen per day, sometimes over 100, sometimes just 10. Everyone knows about Flow; its income is even less than Flow’s.
Please keep this in mind, the fundamentals are really, really poor.
Some say Grayscale Trust is adding new tokens every month. I occasionally pay attention and did some statistics:
Grayscale Trust’s FIL losses have exceeded $20 million. They are still purchasing tens of thousands each month.
Some might say, all the coins held by Grayscale will rise, like ZEC, ZEN, etc., but they are all highly concentrated holdings with very large shares.
Currently, FIL is far from the bottom. It should reach the bottom before the end of March. At that time, I will definitely hold some positions, rather than now, when it rebounds a bit and the market drops along with the US stocks. FIL will just drop less then. That’s all. #FIL