{"id":57898,"date":"2025-08-18T13:53:41","date_gmt":"2025-08-18T13:53:41","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/neo-price-dips-7-as-binance-ends-support-for-neo-legacy-network\/"},"modified":"2025-08-18T13:53:41","modified_gmt":"2025-08-18T13:53:41","slug":"neo-price-dips-7-as-binance-ends-support-for-neo-legacy-network","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/neo-price-dips-7-as-binance-ends-support-for-neo-legacy-network\/","title":{"rendered":"NEO price dips 7% as Binance ends support for Neo Legacy Network"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/image-60-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/image-60-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/image-60-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/08\/image-60-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>The exchange has confirmed plans to halt deposits and withdrawals on Neo Legacy.<\/li>\n<li>The phase-out will begin on August 25, with a complete shutdown scheduled for October 15.<\/li>\n<li>NEO has plummeted amidst community uncertainty.<\/li>\n<\/ul>\n<p>The digital assets landscape endured a bloodbath on Monday as the global crypto market cap plunged 3.27% in the past day to $3.89 trillion.<\/p>\n<p>While most assets reflect bear dominance, NEO suffered the most after Binance confirmed it would end support for Neo Legacy.<\/p>\n<div class=\"ad-banner  container  pt-1  px-0  mb-6\" data-partner=\"bitcoinpenguin\">\n        <a href=\"https:\/\/bitcoinpenguins.io\/en?utm_source=coinjournal&amp;utm_medium=banner&amp;utm_campaign=header\" target=\"_blank\" rel=\"nofollow sponsored noopener\"><br \/>\n            <img decoding=\"async\" class=\"p-0  m-0\" src=\"https:\/\/coinjournal.net\/wp-content\/themes\/c1-base\/dist\/img\/ad\/bitcoinpenguin\/en.png\"\/><br \/>\n        <\/a>\n    <\/div>\n<p>Starting August 25, the leading exchange will no longer support asset deposits through the NEO network and will halt withdrawals by October 15.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Binance will cease support for Deposits and Withdrawals of Tokens on the Neo Legacy Network.<\/p>\n<p>More information \ud83d\udc47 <a href=\"https:\/\/t.co\/ePyHc2Wv8j\">https:\/\/t.co\/ePyHc2Wv8j<\/a><\/p>\n<p>\u2014 Binance (@binance) <a href=\"https:\/\/twitter.com\/binance\/status\/1957412167805792322?ref_src=twsrc%5Etfw\">August 18, 2025<\/a><\/p>\n<\/blockquote>\n<p>Moreover, Binance will not credit any deposits made after the deadline.<\/p>\n<p>The announcement magnified NEO\u2019s decline.<\/p>\n<p>The alt lost around 7.62% from $6.5012 to an intraday low of $6.0058.<\/p>\n<h2>Affected tokens<\/h2>\n<p>The halt decision will impact three key assets: NEO, NeoGas (GAS), and Kepple (QLC).<\/p>\n<p>While GAS and NEO holders can use other Binance-supported platforms to transact, Kepple investors encounter a harsher situation.<\/p>\n<p>The exchange has advised holders to cash out all QLC before the October 15 deadline. The team <a href=\"https:\/\/www.binance.com\/en\/support\/announcement\/detail\/de7a6d49a1fc4153b2c7d82babc6033f\">emphasized<\/a>:<\/p>\n<blockquote>\n<p>It is strongly recommended for users holding QLC tokens to withdraw their remaining tokens before 2024-10-15 08:00 (UTC), as transfer of assets will cease after the shutdown.<\/p>\n<\/blockquote>\n<h2>What prompted Binance\u2019s decision<\/h2>\n<p>The leading trading platform is known for delisting projects that do not meet certain standards.<\/p>\n<p>However, Neo Legacy\u2019s case is different.<\/p>\n<p>Binance emphasized that the platform\u2019s transition into a more advanced version, Neo N3, triggered the suspension.<\/p>\n<p>The Neo Legacy team announced the network\u2019s shutdown in April to focus on the advanced platform \u201cdesigned to replace Neo Legacy.\u201d<\/p>\n<p>The <a href=\"https:\/\/neo.org\/blog\/details\/4320\">official announcement<\/a> read:<\/p>\n<blockquote>\n<p>As part of our commitment to advancing Neo\u2019s technology and focusing our efforts on the future, we have made the decision to sunset the Neo Legacy Network.<\/p>\n<\/blockquote>\n<p>Meanwhile, Binance\u2019s notice stirred the markets as it formalized the end of Neo\u2019s older system.<\/p>\n<p>However, the suspension could be a necessary step as handling two active platforms often fragments user activity and liquidity.<\/p>\n<p>Focusing on Neo N3 might form a cleaner ecosystem that can bolster adoption in the coming times.<\/p>\n<h2>What\u2019s next for investors<\/h2>\n<p>With the deadlines somewhat tight, Neo Legacy users may have to consider three primary things.<\/p>\n<p>Firstly, any deposit completed to Binance via Neo Legacy after August 25 will lead to asset loss.<\/p>\n<p>Secondly, the exchange will suspend withdrawals entirely on October 15.<\/p>\n<p>Lastly, enthusiasts should watch the native token\u2019s performance.<\/p>\n<p>NEO could plummet further to test key price levels as investors seek clarity.<\/p>\n<h2>NEO price outlook<\/h2>\n<p>The alt exhibits significant bearishness at $6.06.<\/p>\n<p><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone size-full wp-image-330272\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/08\/Neo-Price-Chart.jpg\" alt=\"\" width=\"1057\" height=\"364\"\/><\/p>\n<p>NEO attempts to recover from earlier losses, but indicators signal sellers\u2019 dominance.<\/p>\n<p>The 3H MACD and RSI confirm that bears control of NEO\u2019s trajectory as they depict waning momentum.<\/p>\n<p>Moreover, the current broad market bias suggests further price dips for NEO.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/neo-price-dips-7-as-binance-ends-support-for-neo-legacy-network\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) The exchange has confirmed plans to halt deposits and withdrawals on Neo Legacy. The phase-out will begin on August 25, with a complete shutdown scheduled for October 15. NEO has plummeted amidst community uncertainty. The digital assets landscape endured a bloodbath [&hellip;]<\/p>\n","protected":false},"author":3947362363,"featured_media":57899,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/57898"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362363"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=57898"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/57898\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/57899"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=57898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=57898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=57898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}