I guess China banning fundraising through ICO explains the bloodshed in the market and especially for Neo which one of its main uses is to use Neo has a platform to run an ICO.

I think everyone is in support of Cryptocurrencies but it seems like they want to stamp out ICOs. However this has led to so much panic and FUD like in July but all we have to do is to remain calm and watch bitcoin and other cryptos hit new ATHs