The Chinese Moon Moth or Chinese Luna Moth (Actias dubernardi) caterpillar – Until the second instar it's orange-brown, after which it changes into beautiful green with silver spots. It's hairy in all its stages, and feeds on pine trees.
So, instead of albino, katydid's go pink. My daughter would be in heaven. A Katydid. Commonly green, its pink colour is the result of a genetic mutation known as erythrism, similar to the recessive gene that afflicts albino animals.