Hey guys, I am new so be nice

So yesterday, the co-founder of Bitcoin said that he is selling his BTCs and then maybe moving to bitcoin cash! In less than 24 hours, coinbase add this to its wallet and then price were pumped up by a few small transactions to 8500$!
In a trade world, this is illegal, isn't it?
Shouldn't Bitcoin have some sort of self regulation to prevent people from doing this kinda stuff?
Is that what you got from the news? There is something wrong here. It is the bitcoin.com Co-Founder (which is a website). They didn't create bitcoin. You need to either inform yourself better or write better. No point in letting FUD affect one's decisions.