NEO and GAS recorded 13% and 30% daily gains as of press time, respectively, fueled by trading activity with Korean won (KRW) pairs on Upbit.
According to market data, NEO posted $54.4 million in volume on its KRW pair, while GAS registered $134.6 million, ranking both assets among the day’s top movers across digital asset platforms.
The price hike follows a steep 44% decline for NEO between March 24 and April 2 and a 32% decrease for GAS in the same period, reversing the crash and surprising market observers.
Neo Bond program
The surge coincides with the recent launch of the Neo Bond program, a market stabilization initiative launched by the Neo Foundation.
The Neo Bond program opened for participation on April 5 with a seven-day deposit window. The initiative allows NEO holders to lock their tokens for 30 days in return for a 50% annualized yield and a $5 price guarantee at maturity.
Structured as a fixed-term vault, the Neo Bond is designed to support market stability through
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