NEO Founder Addresses Price Plunge: Emergency Plan in Development

03 April, 2025, 08:29 AM

Da Hongfei, founder of the NEO blockchain platform, has acknowledged recent market concerns following a significant drop in the price of the NEO token. In response to the volatility, Hongfei announced that the NEO Foundation is actively developing an "emergency plan" to address the market turmoil and restore confidence. Specific details of the plan are still emerging, but it's expected to involve measures to stabilize the NEO ecosystem and support its long-term growth. The announcement aims to reassure investors and the NEO community that the foundation is taking proactive steps to mitigate the impact of the price decline. Further updates are anticipated in the near future as the plan is finalized and implemented. The community is watching closely to see what steps will be taken to ensure the future of NEO. ```