As the broader crypto markets struggle to regain momentum, a few digital assets are standing out amid the turbulence. Bitcoin (BTC) recently hit a record high of nearly $112,000 before dropping to $107,000. The market cap of all coins tracked by CoinGecko also took a hit, falling to $3.49 trillion. Despite the challenges faced by most major cryptocurrencies, Pi Network (PI), Cetus Protocol (CET), and Optimism (OP) have managed to show relative resilience, catching the attention of investors.

Pi Network, founded in 2019 by Nicolas Kokkalis and Chengdiao Fan, is set to unlock over 70 million more tokens worth $53 million this week. The project unlocks new tokens daily, with 261 million coins set to be released in June and 1.57 billion in the next 12 months. However, the increasing supply through token unlocks has put pressure on the Pi coin price, which has dropped from a monthly high of $1.6692 to $0.7766. The recent launch of Pi Network Ventures, with a $100 million investment in startups using the Pi coin, also contributed to the price decline. Despite these challenges, the developers have not addressed centralization issues or the impact of token unlocks on the coin’s value.

Cetus Protocol, the largest decentralized exchange on Sui (SUI), made headlines after hackers drained tokens worth millions of dollars. The protocol managed to freeze $162 million worth of funds, with plans for a community vote to unlock the frozen funds. Sui is designing an on-chain vote, expected to take place this week. In addition to seeking a whitehat settlement with the hackers, Cetus has offered a $5 million bounty for identifying the culprits. The native token of Cetus, CET, has experienced a significant drop, falling from $0.2568 to $0.1300, its lowest level since April 23.

Optimism, a leading layer-2 network, is set to unlock $23.4 million coins this week, accounting for 1.88% of the float. The project has seen its native token, OP, decline from $2.7715 to $0.7320, remaining below key moving averages. An ascending broadening wedge pattern has also formed, indicating a bearish reversal. Other cryptocurrencies like Maverick Protocol, dYdX, Celo, and Velas Finance are also facing large token unlocks this week. Despite the challenges and uncertainties in the crypto markets, these projects continue to attract attention and interest from investors.