The reason is hype and FOMO.
I see many "facts" being thrown around. Facts like "BTC mining in China will be banned, NEO mining will be allowed", completely ignoring that NEO is a PoS-based currency. Other rumors from the same source get picked up and are used to attract even more people, to keep the pump going.
RE: China And Rumors Are Always Good for NEO
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China And Rumors Are Always Good for NEO
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