Top Altcoins to Watch This Week: Pi Network, Cetus, Optimism

While the broader crypto market struggles to regain strength, a few standout projects are catching traders’ attention. As Bitcoin pulls back from recent highs—dropping from nearly $112K to $107K—and the total market cap dips to $3.49 trillion, some altcoins are showing resilience or volatility worth watching.

1. Pi Network ($PI)

All eyes are on Pi Network this week as over 70 million tokens, worth around $53 million, are scheduled to be unlocked—15.2 million of them on May 28 alone. With 261 million coins set to unlock in June and 1.57 billion over the next year, supply pressure continues to mount, especially in the absence of exchange listings and rising demand.

$PI has fallen from a recent high of $1.6692 to $0.7766, and technical charts show a bearish flag, suggesting further downside potential—possibly toward the monthly low of $0.5545. The community welcomed the launch of Pi Network Ventures, a $100M fund for Pi-based startups, but concerns remain about supply inflation and centralization.

2. Cetus Protocol ($CETUS )

Cetus, the leading DEX on the Sui blockchain, is under pressure after a major hack last week. The protocol froze $162 million in funds before the attackers could fully drain them. A community vote, facilitated by Sui, is expected soon to decide the fate of these frozen assets.

Meanwhile, Cetus is negotiating with the hackers, offering a $5 million bounty for their identification or a whitehat deal. The native token $CET has plunged from $0.2568 to $0.1300, its lowest since April.

3. Optimism ($OP )

Layer-2 giant Optimism is back in focus as $23.4 million worth of OP tokens (1.88% of total supply) are set to unlock this week. These are part of its regular scheduled token releases.

$OP has been in a downtrend since November, sliding from $2.77 to $0.73, and remains below key moving averages. It’s also formed an ascending broadening wedge, a bearish technical pattern, hinting at possible continued weakness.

With volatility and major token unlocks in play, these three projects are worth keeping on your radar this week.

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