Remember, this whole thing about crypto is largely decentralized, thus, there is no single authoritative body in control of the crypto market. Although there are few centralized platforms among crypto, the market is largely influenced by the efforts and influence of the users of crypto. How well sellers and buyers treat the coins on the market affect the performance of the market.
I believe that control exists. The market is controlled by strong investors. With the withdrawal of large funds, the coin immediately loses. I am a community of such investors. This is only my opinion. Perhaps I am mistaken in my conclusions.