Top 3 Altcoins to Watch This Week: Pi Network (Pi), Mantra (OM), and Memecoin (MEME)

The broader crypto market held steady last week as Bitcoin consolidated and investors kept one eye on macro tensions between Donald Trump and Jerome Powell. While Artificial Intelligence tokens like Bittensor and Render soared, attention is now shifting to three top altcoins: Mantra, Memecoin, and Pi Network. These tokens have been trending due to sharp price swings, token unlock events, and growing community discussions. Will these coins recover, or are deeper corrections ahead?

Pi Network (Pi): Big Dreams, Bigger Supply Problems

Pi Network once had the makings of the next big thing in Web3. But those hopes are fading fast as the token continues to disappoint. From an all-time high of $3, Pi is now limping along at $0.60. The biggest headwind? A relentless increase in token supply.

Chart 1- Pi/USD Live Price, published on TradingView, April 21, 2025.

Over 1.58 billion tokens are expected to hit the crypto market in the next 12 months, translating to a monthly dilution of roughly $82 million. To make matters worse, the core team and the foundation control 30 billion tokens, essentially one centralized entity. That’s raised serious red flags about decentralization and long-term sustainability.

Mantra (OM): From Soaring Heights to Sudden Collapse

Mantra has quickly moved from investor darling to cautionary tale after a jaw-dropping crash. The OM token tumbled from a high of $9.5 to under $0.60, marking a staggering drop of over 90%. According to the project’s management, the collapse stemmed from forced liquidations by one exchange. However, on-chain sleuth Arkham suggested that insider and investor token dumps may have played a role—claims the team has firmly denied.

Chart 2- OM/USD Live Price, provided by Crispus9, published on TradingView, April 20, 2025.

In an attempt to stabilize the token and regain investor trust, the Mantra team announced a buyback program and token burns. Technically, the OM token is forming a bearish pennant pattern, signaling potential further losses. If the bearish trend continues, traders will be eyeing the key psychological level of $0.50. Until then, volatility remains the name of the game.

Memecoin (MEME): Can Meme Magic Withstand a $7.5M Token Unlock?

Memecoin is back in the spotlight—this time with a twist. The meme-themed token has seen an impressive recovery this April, rising from $0.001388 to a monthly high of $0.002794. This breakout followed a bullish falling wedge pattern and a clean move above the 50-day moving average. The vibes? Bullish—at least for now.

Chart 3- MEME/USDT Live Price, provided by Crispus9, published on TradingView, April 20, 2025.

A significant token unlock is approaching, which could impact market dynamics. Over $7.57 million worth of MEME tokens will be released, representing nearly 8% of the total supply. Historically, unlocks like this lead to short-term downward pressure due to increased circulating supply. Investor speculation and social media chatter about whether Memecoin can defy the odds. Traders will be watching the $0.0018 support level, where the 50-period MA sits. A hold here could fuel another leg up, but a break below might trigger panic selling.

Final Thoughts: What Lies Ahead for These Top Altcoins?

Mantra is battling for credibility, Memecoin is navigating a risky unlock, and Pi Network is facing serious tokenomics headwinds. The next few weeks will be critical for all three of these top altcoins. Look for community responses, developer updates, and, most importantly, how the market reacts to token unlocks and price support levels. Bulls may find opportunities, but the risks are high. This week’s top altcoins offer both risk and reward. Mantra’s rebound hinges on trust restoration. Memecoin is caught in a tug-of-war between technical strength and dilution fears, and Pi Network needs to rethink its supply strategy seriously.