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Arthur Hayes: The sharp decline may stem from traders hedging positions with IBIT, seeking potential trigger points for extreme volatility.
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Neo announced that the Legacy network will terminate operations at the end of October this year.
According to the Gate.io News bot, Neo has officially announced the termination of operations for the Neo Legacy network. According to the plan, the Neo Legacy Testnet will stop running on June 1, and the Mainnet will be completely shut down on October 31.
Neo reminds users to migrate their assets and smart contracts to the Neo N3 platform before the network shuts down, otherwise the assets will be permanently lost. The Neo Legacy network has provided over 8 years of service to the Neo ecosystem since its launch in 2016.