Manipulation in crypto is a common thing. Whoever with a big follower base can alter the value. It is not that great. There are some problems related to it. When we see someone with tones of crypto investment, we could observe the variation in the asset value when he withdraws. This is the case with every asset which is open to investment. And by pouring his money into the asset makes its price surge. When he couples with some other investor, the power becomes stronger and it is hence easy to manipulate. This is actually the migration of power to those who have more. But Bitcoin came into existence to cease this same thing, a central authority being the decider of price movement. It takes a good diversification to adjust the growth rate of cryptos.
An asset being easily subjective to manipulation is not a healthy investment to think about. Because the person who holds more possess more power and manipulation is easy to practice. He can make a small retail investor poor or rich with private signals of pump and dump. These people with their community help themselves to become even more rich by target pumping. Since there is no central authority in between, this happens forever.
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