It was only a panic storm for a couple of hours. More of the same will come for sure. NEO itself is not in ICO, so in my opinion RED PULSE might have taken a slap.
On the long run, China is implementing a regulatory body to govern these new ICOs. This is by all means good news to everyone.
I hope you many had the guts to buy at 29.x, we might never see NEO this low ever :)
Cheers!
RE: [PANIC ALERT] NEO DROP - CHINA ICO REGULATION