Real World Assets (RWA) are increasingly becoming a focal point within the cryptocurrency sector, especially as the industry faces heightened institutional and regulatory scrutiny. The collapse of MANTRA served as a pivotal moment, revealing operational weaknesses and prompting calls for stricter standards across tokenization platforms.

While skepticism towards decentralized RWA projects has grown, the overall investment appeal of asset-backed tokens persists—particularly as stablecoins and tokenized treasuries drive adoption. In this context, certain RWA altcoins have garnered attention in May 2025, displaying both technical strength and renewed investor interest.

The MANTRA collapse has catalyzed reflection and prudence throughout the RWA ecosystem. Andrei Grachev, Managing Partner of DWF Labs, noted:

\"This incident has significantly undermined trust in certain decentralized RWA structures, prompting institutional and retail investors to seek out more regulated and vetted alternatives.\"

Concurrently, discussions surrounding RWA tokens' ability to decouple from broader crypto market volatility are gaining traction. In response to Binance Research's observation that RWA tokens exhibited greater stability compared to Bitcoin during tariff-related events, Edwin Mata, Co-founder and CEO of Brickken, remarked:

Shahaf Bar Geffen, CEO and Founder of COTI, further emphasized this emerging distinction by stating:

The macroeconomic argument is strengthening, yet the technological and institutional foundation supporting RWAs is rapidly evolving. Kadan Stadelmann, Chief Technology Officer at Komodo Platform, views institutional adoption as a crucial determinant:

Here are the top three RWA coins to monitor in May.

ONDO has surged nearly 14% over the past 30 days, recently surpassing the $1 threshold for the first time since March 6. This development has refocused attention on the token, as its market capitalization approaches the $3 billion mark once again.

However, this upward movement occurs amidst an overall contraction in the sector. Data from rwa.xyz indicates that the total on-chain value of RWA currently stands at $16.6 billion, reflecting a 16.92% decline over the past month.

Despite ONDO's recent gains, its technical indicators suggest caution. A death cross has emerged on its exponential moving average (EMA) lines, typically associated with bearish trends.

The primary support level is at $0.866. If this level is breached, ONDO might decline to $0.819, with deeper support at $0.73 and $0.663 should the downtrend accelerate.

On the upside, if sentiment shifts and ONDO breaches the $1.04 resistance, a move toward $1.20 could follow, paving the way for a stronger recovery.

Reserve Rights (RSR) has risen nearly 41% over the past 30 days, buoyed by renewed interest following its listing on Coinbase and lingering connections to incoming SEC Chair Paul Atkins.

Although Atkins has no present involvement with the project, his initial advisory role has fueled trader speculation regarding possible regulatory benefits.

This narrative, coupled with heavy long positions held by Binance’s top traders, has positioned RSR as one of the more politically sensitive tokens in the current market.

The listing alone triggered a 9% intraday spike, helping RSR regain prominence after a prolonged quiet period following its 2021 peak.

Technically, RSR is nearing a critical juncture. The token has twice attempted to break through the $0.0096 resistance level without success, underscoring the significance of this barrier.

A successful breakout could pave the way for $0.011 and potentially $0.0137 if momentum strengthens. Conversely, failing to maintain current levels might prompt a correction to $0.0084, with deeper support at $0.0071 and $0.0057.

Real-world asset (RWA) platform TokenFi (TOKEN) has surged nearly 40% over the past week, pushing its market capitalization back to the $20 million mark.

This sharp increase occurred despite a noticeable decrease in trading activity, with 24-hour volume dropping over 59% to $8.13 million.

The discrepancy between price appreciation and declining volume raises questions about the sustainability of the rally, but for now, TOKEN is regaining attention as a small-cap RWA narrative play in the altcoin market.

From a technical perspective, TOKEN is approaching key resistance levels. If bullish momentum persists, the token may test $0.024 and $0.0275, with a potential breakout target of $0.041.

However, any reversal could see TOKEN retrace toward the $0.0194 support level. Failure there would expose deeper downside levels at $0.0137 and $0.0112.

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