Even as wider cryptocurrency markets face difficulties recovering their pace, certain digital currencies manage to shine amidst the market’s upheaval.
As a researcher, I recently observed an intriguing fluctuation in the cryptocurrency market. Last week, Bitcoin (BTC) reached an unprecedented peak of almost $112,000, only to dip down to $107,000 in the following days. This decline has also resulted in a decrease in the total market capitalization of all tracked coins by CoinGecko, which currently stands at approximately $3.49 trillion.
As a crypto enthusiast, I’ve got my eyes peeled on three standout tokens: Pi Network (PI), Cetus Protocol (CET), and Optimism (OP). Despite the looming uncertainties in global trade that have dampened investor spirits, these three tokens have demonstrated remarkable resilience.
Despite many significant cryptocurrencies experiencing challenges due to slowing pace and economic instability, these three ventures have caught our focus.
Pi Network
The value of Pi Network is expected to draw attention this coming week, as approximately 70 million more tokens valued at around $53 million are scheduled for release. A significant portion of these unlocks, about 15.2 million tokens, will become accessible on May 28th.
The Pi Network, established in 2019 by Nicolas Kokkalis and Chengdiao Fan, issues new tokens on a daily basis. A total of approximately 261 million coins are scheduled for release in June, with an additional 1.57 billion over the next twelve months. The regular issuance lowers the token price as it increases the number in circulation, especially when there isn’t a high demand.
Over the last few weeks, the value of Pi coin has been decreasing significantly, dropping from a peak of $1.6692 to $0.7766. This downward trend gained momentum following the announcement of Pi Network Ventures by the developers, an initiative aimed at investing $100 million in startups that utilize the Pi coin.
Although establishing an ecosystem fund is commendable, the lack of a clear strategy for securing listings on top-tier exchanges led to some skepticism. Developers failed to tackle concerns about centralization and the increase in token supply due to unlock events.
On the eight-hour chart, Pi Network appears to be forming a bearish flag structure, suggesting a possible continuation of its decline, perhaps reaching this month’s low of $0.5545 again.
Cetus Protocol
Last week, Cetus, the largest decentralized exchange operating on the SUI network, garnered attention as hackers successfully siphoned off tokens valued at millions of dollars. However, the protocol swiftly took action and froze assets totalling $162 million, preventing the thieves from completely transferring the funds.
In the statement, Cetus expressed optimism about a favorable outcome in the upcoming community vote, aiming to release the $162 million in funds that are currently frozen. Sui announced plans to create and conduct the on-chain voting process, with the event anticipated to take place within this week.
I’d like to express my gratitude to the Cetus team for providing their Q&A. We value your diligence and resolve in addressing this issue promptly.
On our end, we are currently developing the design for the forthcoming on-chain community vote, and we will disclose more information about it to the Sui community in due course.
— Sui (@SuiNetwork) May 25, 2025
Cetus is attempting to negotiate a deal with the hackers under the ethical hacker umbrella, and it’s providing a reward of $5 million to assist in tracking down these individuals and pursuing any necessary legal measures.
Since reaching a peak of $0.2568 on May 22, the price of CET’s native token has been rapidly dropping, now reaching its lowest point since April 23 at $0.1300.
Optimism
This week, attention will shift to Optimism, a prominent second-layer network, as it distributes $23.4 million worth of coins. This represents approximately 1.88% of its total supply that’s available for trading. These distributions are routine monthly events.
The value of OP tokens has plummeted from its peak of $2.7715 in November last year to the current price of $0.7320. For the past few days, it has been trading below both its 50-day and 100-day moving averages. Additionally, it has developed an ascending broadening wedge, a frequently observed bearish reversal pattern.
Other digital currencies like Maverick Protocol, dYdX, Celo, and Velas Finance have substantial token releases happening this week.
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2025-05-25 22:14