Why Is Filecoin (FIL) Up 21.87% Today, September 14, 2026? Vesting End and Paid Storage Growth Lift FIL

FIL outperformed a slightly weaker broader crypto tape, rising 21.87% on unusually high turnover (38.38% of market cap), indicating aggressive repricing and crowded positioning. The rally is framed around the Oct 15, 2026 Protocol Labs/Filecoin Foundation vesting completion, reducing a known future distribution overhang, and a narrative shift toward paid storage/retrieval growth. Elevated short-term momentum implies higher sensitivity to follow-through versus fast profit-taking.