The broader cryptocurrency market stabilized last week as Bitcoin consolidated and investors kept an eye on the macro tensions between Donald Trump and Jerome Powell. While AI tokens like Bittensor and Render surged, attention is now turning to the top three altcoins: Mantra, Memecoin, and Pi Network. These tokens have been trending due to volatile price movements, token unlock events, and increasing community discussions. Will these coins recover or will there be deeper corrections ahead?
Pi Network (Pi): Big dreams, greater supply issues
Pi Network once had the potential to become the next big thing in Web3. But those hopes are quickly fading as this token continues to disappoint. From an all-time high of 3 dollars, Pi is now limping at 0.60 dollars. The biggest obstacle? The relentless increase in token supply.
More than 1.58 billion tokens are expected to appear on the cryptocurrency market in the next 12 months, equivalent to a monthly dilution of about 82 million dollars. Worse, the core team and the foundation control 30 billion tokens, essentially making it a centralized entity. This has raised serious concerns about decentralization and long-term sustainability.
Mantra (OM): From soaring heights to sudden collapse
The mantra quickly shifted from a favorite among investors to a cautionary tale after a horrific collapse. The OM token dropped from a high of $9.50 to below $0.60, marking an astonishing decline of over 90%. According to the project management team, the collapse stemmed from forced liquidations on an exchange. However, Arkham's chain detectives suggest that the insider and investor sell-off of tokens may have played some role—claims that the team has firmly denied.
In an effort to stabilize the token and regain investor confidence, the Mantra team has announced a token buyback and burn program. Technically, the OM token is forming a bearish flag pattern, signaling the potential for further losses. If the downtrend continues, traders will be watching the important psychological level of $0.50. Until then, volatility remains the name of the game.
Memecoin (MEME): Can Meme Magic withstand the unlocking of tokens worth 7.5 million dollars?
Memecoin has returned to attention—this time with a change. The meme-themed token has seen an impressive recovery this April, rising from $0.001388 to a monthly high of $0.002794. This breakout follows a bullish ascending wedge pattern and a clear move above the 50-day moving average. Sentiment? Bullish—at least for now.
An important token unlock event is approaching, which could impact market dynamics. Over $7.57 million worth of MEME tokens will be released, accounting for nearly 8% of the total supply. Historically, such unlock events have led to short-term downward pressure due to the increased circulating supply. Investors are speculating and discussing on social media whether Memecoin can overcome the difficulties. Traders will be watching the support level of $0.0018, where the 50-day MA is located. Holding at this level could spur another price increase, but falling below this level could trigger a panic sell-off.
Final thoughts: What will be the future of these top altcoins?
Mantra is struggling to gain credibility, Memecoin is navigating a risky unlocking event, and Pi Network is facing serious tokenomics challenges. The coming weeks will be crucial for all three of these top altcoins. Look for community feedback, developer updates, and most importantly, how the market reacts to the token unlock and price support levels. Speculators may find opportunities, but the risks are very high. The top altcoins this week present both risks and rewards. Mantra's recovery depends on restoring trust. Memecoin is caught in a tug-of-war between technical strength and dilution concerns, and Pi Network needs to seriously reassess its supply strategy.
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3 notable Altcoins this week: Pi Network (Pi), Mantra (OM) and Memecoin (MEME)
The broader cryptocurrency market stabilized last week as Bitcoin consolidated and investors kept an eye on the macro tensions between Donald Trump and Jerome Powell. While AI tokens like Bittensor and Render surged, attention is now turning to the top three altcoins: Mantra, Memecoin, and Pi Network. These tokens have been trending due to volatile price movements, token unlock events, and increasing community discussions. Will these coins recover or will there be deeper corrections ahead? Pi Network (Pi): Big dreams, greater supply issues Pi Network once had the potential to become the next big thing in Web3. But those hopes are quickly fading as this token continues to disappoint. From an all-time high of 3 dollars, Pi is now limping at 0.60 dollars. The biggest obstacle? The relentless increase in token supply.
More than 1.58 billion tokens are expected to appear on the cryptocurrency market in the next 12 months, equivalent to a monthly dilution of about 82 million dollars. Worse, the core team and the foundation control 30 billion tokens, essentially making it a centralized entity. This has raised serious concerns about decentralization and long-term sustainability. Mantra (OM): From soaring heights to sudden collapse The mantra quickly shifted from a favorite among investors to a cautionary tale after a horrific collapse. The OM token dropped from a high of $9.50 to below $0.60, marking an astonishing decline of over 90%. According to the project management team, the collapse stemmed from forced liquidations on an exchange. However, Arkham's chain detectives suggest that the insider and investor sell-off of tokens may have played some role—claims that the team has firmly denied.
In an effort to stabilize the token and regain investor confidence, the Mantra team has announced a token buyback and burn program. Technically, the OM token is forming a bearish flag pattern, signaling the potential for further losses. If the downtrend continues, traders will be watching the important psychological level of $0.50. Until then, volatility remains the name of the game. Memecoin (MEME): Can Meme Magic withstand the unlocking of tokens worth 7.5 million dollars? Memecoin has returned to attention—this time with a change. The meme-themed token has seen an impressive recovery this April, rising from $0.001388 to a monthly high of $0.002794. This breakout follows a bullish ascending wedge pattern and a clear move above the 50-day moving average. Sentiment? Bullish—at least for now.
An important token unlock event is approaching, which could impact market dynamics. Over $7.57 million worth of MEME tokens will be released, accounting for nearly 8% of the total supply. Historically, such unlock events have led to short-term downward pressure due to the increased circulating supply. Investors are speculating and discussing on social media whether Memecoin can overcome the difficulties. Traders will be watching the support level of $0.0018, where the 50-day MA is located. Holding at this level could spur another price increase, but falling below this level could trigger a panic sell-off. Final thoughts: What will be the future of these top altcoins? Mantra is struggling to gain credibility, Memecoin is navigating a risky unlocking event, and Pi Network is facing serious tokenomics challenges. The coming weeks will be crucial for all three of these top altcoins. Look for community feedback, developer updates, and most importantly, how the market reacts to the token unlock and price support levels. Speculators may find opportunities, but the risks are very high. The top altcoins this week present both risks and rewards. Mantra's recovery depends on restoring trust. Memecoin is caught in a tug-of-war between technical strength and dilution concerns, and Pi Network needs to seriously reassess its supply strategy.