NEO Legacy Mainnet Shuts Down: Will Xi Jingping Crypto Plan Increase NEO Price in 2026?

$22.27 million



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also known as Chinese Ethereum, is preparing to close its original blockchain, NEO Legacy, first launched in 2016 under the name AntShares.

There are two phases in the closing process. NEO completed Phase 1 by shutting down its testnet on June 1, 2025. As part of the second phase, the mainnet will be permanently closing today, October 31, 2025. This marks the end of NEO’s transition to its new blockchain, NEO N3, an improved version of the previous protocol.

There is also NEO X, a sidechain built to work with Ethereum tools and designed to prevent trade manipulation.

During its 8 years of active service, NEO Legacy processed over 281 million transactions, created over 14 million blocks, and supported nearly 3 million wallet addresses.

https://t.co/sRNqgNf9K7

-Neo (@Neo_Blockchain) April 29, 2025

Before finally shutting down the old blockchain protocol, NEO will take a snapshot to preserve historical data.

Once the mainnet is shut down, NEO Legacy will stop producing blocks and users will no longer be able to continue their daily activity on the blockchain. Anyone still using NEO Legacy must move their assets and smart contracts to NEO N3 by today’s deadline.

This can be done through the official migration. golf course or through neon wallets.

Meanwhile, NEO is working with centralized exchanges to manage the remaining custodial assets and has asked node operators to shut down their system once the network is officially closed.

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Will Xi Jingping’s Crypto Plan Increase NEO Price in 2026?

To speculate on whether NEO will pump in 2026, we must first understand China’s stance on cryptocurrencies. Today, the country is firmly against legalize decentralized cryptocurrencies like Bitcoin or NEO in mainland China.

China has rejected any form of speculative cryptocurrency trading or mining and has not hinted that it will not reverse its policies. However, what Chinese President Xi has pushed is blockchain technology for state-controlled applications, such as the digital yuan (e-CNY), as part of the 15th Congress. Five Year Plan which prioritizes the digital economy, but excludes cryptocurrencies.

Meanwhile, China has been signaling possible economic measures, such as easing its tax policies. Although these moves do not directly target cryptocurrencies, they could still boost prices as global markets tend to react in sync.

China’s financial revolution: the end of the dollar’s dominance?

China has strategically reformed its financial system to reduce dependence on the US dollar, aiming to reshape global trade dynamics. This move could have major implications for cryptocurrencies and XRP in particular.

… pic.twitter.com/CQIJO5oh4D

– Adam_Xrp (@Adam_Xrp_) October 26, 2025

Furthermore, recent trade agreements between the United States and China have helped ease tensions between the two countries, creating a more favorable market in Asian countries, including cryptocurrencies.

That said, these developments do not focus specifically on cryptocurrencies and do not guarantee that prices will rise on their own.

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Neo price hike depends on Hong Kong, not Beijing

While China has banned cryptocurrencies, there is still room for NEO to grow from developments occurring outside the continent.

Hong Kong has become a regulated crypto hub in the region and is supported by Beijing. Additionally, initiatives such as ETF approval and stablecoin pilots have helped increase interest in China-linked projects such as NEO, VeChian, and Filecoin.

This has given rise to a narrative around Chinese currencies, which has boosted their overall performance this year.

Focus: Solana!

Hong Kong approves the first Spot $SOL ETF (Oct 27, ChinaAMC)
Institutional money inflow, $SOL +2–3% already $SOL TVL of over $11 billion, potential of $500 by year-end
DeFi on the rise: $JUP OIC and $MET performance platforms pic.twitter.com/NGWjQ8iLHI

— Web3Space | TheListingChain (@Web3Space_xyz) October 26, 2025

Additionally, the country’s push for blockchain in cybersecurity and supply chain sets its sights on NEO with a caveat: China prefers permissioned blockchains over decentralized ones like NEO.

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Furthermore, due to the ban, Chinese investors cannot easily access it. Any major price increase, for NEO to really take off, say doubling to $10 its current price in

It would require major policy changes, such as full legalization of cryptocurrencies in China or mass adoption in Hong Kong.

The second seems more likely than the first.

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NEO Legacy Mainnet Post Closes: Will Xi Jingping Crypto Plan Increase NEO Price in 2026? first appeared on 99Bitcoins.