NEO(Neo)24 hours pump 13.37%

Gate News Bot message, August 21, according to CoinMarketCap market data, as of the time of publication, NEO( Neo) is currently priced at $6.70, with a rise of 13.37% in the last 24 hours, reaching a high of $6.87 and a low of $5.84. The 24-hour volume reached $155 million. The current market capitalization is approximately $473 million, an increase of $55.7 million compared to yesterday.

Neo is a new generation of internet infrastructure that provides a full-stack out-of-the-box solution, supporting the construction of complete decentralized applications. Neo features a unique dual-token model that separates governance from utility value. Holders of NEO tokens are the owners of the network, able to participate in governance and passively receive GAS distributions. GAS is used to pay for network fees, smart contract deployment, and dApp purchases.

Important news about NEO recently:

1️⃣ Neo Legacy network will soon stop support The Neo project will stop supporting the recharge service for the Neo Legacy network at 16:00 on August 25, 2025, and will fully stop the withdrawal service for this network at 16:00 on October 15, 2025. This marks the gradual phasing out of the old network by the Neo project, encouraging users to migrate to the new version.

2️⃣ Users need to promptly handle Legacy network assets Users holding Neo Legacy network assets must complete asset transfers or withdrawals within the specified time. This may lead to an increase in the 24-hour volume of NEO and GAS tokens in the short term, thereby affecting market price fluctuations.

3️⃣ Neo Network Gains More Attention As the Legacy network gradually exits, Neo's new network will become the main focus of the project. This may attract more developers and users to pay attention to Neo's latest technological features and ecosystem development, potentially driving an increase in NEO token demand.

The short-term rise in NEO prices may be partly influenced by news of network upgrades, but the long-term trend still needs to focus on the fundamental development of the project and the overall trends in the cryptocurrency market.

This message does not constitute investment advice, and investors should be aware of market volatility risks.