Neo (NEO) has experienced a price dump of -35% in one week, dropping from 8 to 5 dollars. The Foundation has stated that it is not involved but rather intends to investigate the significant volatility of the crypto.
Neo and the crypto price dump of over -35% in a week
The crypto Neo (NEO) has experienced a price dump of over -35% in the last seven days, dropping from 8 to 5 dollars. At the time of writing, NEO is worth $4.65.
This is a notable volatility that surpasses the weekly decline recorded by the other main cryptos. As of today, for example, in the top 10, we find Ethereum (ETH) in a dump of -9%, XRP of -12%, Solana (SOL) of -13%, and Dogecoin (DOGE) of -15%.
But the current drop of -39% of NEO has raised strong doubts in the crypto community about a possible move by insiders. In practice, some investors have accused the NEO Foundation of potential insider trading and price manipulation.
Given the situation, the same Neo Foundation has come forward to deny the accusations of its involvement and to investigate the possible causes of this more intense bear market of NEO.
Specifically, with a post on X, the Neo Smart Economy clarified that the recent market activities were not initiated by the NEO Foundation or NEO Global Development.
Not only that, it is also emphasized that neither the founders nor other team members sold tokens during this period.
Neo: the investigation by the Foundation on the collapse of the crypto
Always to provide an answer to the crypto community, the Neo Foundation has decided to investigate the volatility recorded by NEO.
What emerged is a Neo Legacy address that seems to have accumulated about 11.8 million NEO between 2017 and 2021.
After showing a sequence of transactions from this address, the foundation stated that the long-time NEO holder had sold 9.25 million tokens, worth 60 million dollars through Binance.
In practice, starting from March 24, 2025, the wallet initiated a series of transfers moving 9.25 million tokens – about 13.2% of the circulating supply – to Binance. These transactions, valued at approximately 60 million dollars at an average price of 6.5 dollars per token, have left only 2 million tokens in the wallet in question at the moment.
In any case, the team emphasized that, despite the timing, concerns linking the price drop to these transactions remain speculative.
The bear market for Nansen
Recently, Nansen published a report in which it analyzes the financial markets in the last week, describing it as “turbulent”.
In the specific case of the crypto market, Aurelie Barthere, the analyst from Nansen, stated that there is a good 70% probability that the scenario of a “bottom of crypto prices” will be confirmed between April and June.
This theory had already been circulated by other analysts, but Barthere seems to have wanted to confirm it by 70%.
