• The trade has confirmed plans to halt neo-legacy deposits and withdrawals.
• The phase-out begins on August twenty fifth and is scheduled for a full shutdown on October fifteenth.
• Neo plummeted amidst group uncertainty.

The digital asset panorama withstanded Massacre on Monday as the worldwide crypto market capitalization fell 3.27% to $3.89 trillion up to now day.

Whereas most property replicate bear management, Neo suffered essentially the most after confirming that Binance would finish assist for Neo Legacy.

Beginning August twenty fifth, main exchanges is not going to assist asset deposits by way of the NEO community and can halt the withdrawal by October fifteenth.

Binance will droop assist for token deposits and withdrawals on the Neo Legacy Community.

Extra data https://t.co/epyhc2wv8j

– Binance (@binance) August 18, 2025

Moreover, Binance doesn’t belief deposits made after the deadline.

The announcement has expanded the decline in Neo.

ALT misplaced about 7.62% to an intraday low of $6.5012 to $6.0058.

Affected tokens

The suspension resolution impacts three essential property: Neo, Neogas (Gasoline) and Kepple (QLC).

Gasoline and NEO homeowners can commerce utilizing different Binance-supported platforms, however Kepple buyers will encounter a tougher scenario.

The trade suggested holders to money out all QLCs by the October fifteenth deadline. The staff emphasised:

It’s extremely beneficial that customers who maintain QLC tokens withdraw the remaining tokens earlier than 2024-10-15 08:00 (UTC).

What prompted a call on vinance

The main buying and selling platforms are identified for itemizing tasks that don’t meet sure standards.

Nonetheless, the case for Neo Legacy is totally different.

Binance highlighted that the platform moved to the Neo N3, which moved to a extra superior model, inflicting suspension.

The Neo Legacy staff introduced a community shutdown in April, specializing in superior platforms “designed to switch Neo Legacy.”

The official announcement has been learn:

As a part of our dedication to advance Neo expertise and focusing our efforts on the longer term, we’ve determined to carry the Neo Legacy Community to the sundown.

In the meantime, Binance’s notifications have upset the market as they formalized the top of Neo’s older system.

Nonetheless, because it typically offers with two lively platforms, suspension is usually a vital step.

Specializing in Neo N3 may create a clear ecosystem that may improve adoption within the coming interval.

What’s subsequent for buyers?

With the deadline being considerably tight, Neo Legacy customers might have to think about three key issues:

First, after August twenty fifth, if Binance’s deposits are accomplished by way of Neo Legacy, this can result in lack of property.

Second, the trade will droop its withdrawal fully on October fifteenth.

Lastly, fans have to see the efficiency of their native tokens.

NEO may plummet even additional to check key worth ranges as buyers need readability.

Neo Worth Outlook

Alt exhibits a severe bearish at $6.06.

Neo tries to get better from earlier losses, however the indicator exhibits the vendor’s management.

3H MACD and RSI affirm that Neo’s trajectory depicts a decline momentum.

Moreover, present widespread market bias suggests an additional decline in costs for NEO.