Top Cryptos to Watch: Mantra Struggles, Memecoin Unlock Ahead, Pi Network Concerns Grow

The cryptocurrency market was generally range-bound last week, with Bitcoin remaining stable in the face of global economic uncertainty. Amidst double-digit returns for Artificial Intelligence tokens such as Bittensor (TAO), Render (RNDR), and AI Companions, three particular assets are on close investor scrutiny this week: Mantra (OM), Memecoin (MEME), and Pi Network (PI).

Mantra (OM): Bearish Trend and Buyback Expectations

Mantra is on the watchlist after a sharp price correction. The project's token, OM, fell from a yearly high of $9.50 to only $0.59. While management attributes the move to forced liquidations by a large exchange, on-chain experts such as Arkham accuse possible insider and investor token sales.

Mantra has refuted such allegations and vowed to carry out buybacks and token burns in order to revive market trust. Technicals, however, point to a bearish pennant formation, meaning the downward slide might be extended. Traders are monitoring the key psychological support level of $0.50.

 Memecoin (MEME): Bullish Setup Meets Unlock Risk

Memecoin experienced a recovery in April from $0.001388 to a peak of $0.002794, fueled by a bullish break of the falling wedge and a break above its 50-day moving average. Even with this vigor, investors remain on guard with an upcoming token unlock of $7.57 million, which is 7.96% of the circulating supply.

Historically, token unlocks have a tendency to dilute price and draw sell pressure. Analysts caution of a potential retracement to the 50-period MA at $0.0018 before any further uptrend.

Also Read: Best Crypto Coins to Invest in 2025

Pi Network (PI): Token Oversupply Woes

Pi Network continues to lag behind as it fluctuates around $0.60, well below its high of $3.00. The major headwind is token oversupply, with more than 1.58 billion PI tokens likely entering circulation within the next year—131 million tokens on average per month.

There are also fears about centralization of token allocation, where 65 billion tokens are being allocated to the community, whereas 30 billion (approximately 32%) are being held by the foundation and core team in aggregate—worrying about decentralization as well as long-term stability. 

Conclusion

While the overall market searches for guidance, Mantra, Memecoin, and Pi Network are the most watched cryptocurrencies this week, each with distinct technical and fundamental issues. With insider trust concerns and token dilution to oversupply threats, these cryptos may experience increased volatility—and investor scrutiny—in the coming days.