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www.wired.co.uk stated that a newspaper by researchers at the University of Texas at Austin's department of finance indicates that someone at Bitfinex cryptocurrency exchange may have artificially inflated the price of coins including bitcoin, ether, and Zcash. The responsible for this appears to have been Tether, a cryptocurrency with the same CEO as Bitfinex.
What are your thoughts about this? Do you think they really manipulated the price? Is it possible?
I think there are some points that I read about that they are saying that it can be manipulated by many reasons and one of that is the big whales. Meaning the persons who have a big amount of tokens that can buy and sell with their strategy, that is why I think it can be manipulated in some points.