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Filecoin Surges 7% to $1.055 on May 6 as DePIN Tokens Rally Amid AI Storage Demand

GateNews

Price Volatility Capital Flow AI Tokens

2026-05-27 15:14:08

FIL3.93%

BTC-1.6%

According to TradersUnion data, Filecoin surged 7% to $1.055 on May 6, defying broader cryptocurrency market declines that affected Bitcoin and major altcoins. The rally was part of a wider DePIN sector rotation, driven by AI-driven storage demand reigniting institutional interest in decentralized physical infrastructure networks.

Spot trading volume reached $372 million, a 260% increase from the prior session, while futures volume jumped 213% to $815.66 million. Peer tokens STORJ gained 30% and IO surged 69% during the same session, confirming a sector-wide capital rotation.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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