Manipulating the market requires super-large costs, and cannot be done alone. If there really is such an organization it should have been tracked for a long time, and I hope this is just a matter of concern.
I think the coin manipulation in the cryptocurrency market is happening, but it focuses on small trading coins and on small Exchange. The cryptocurrency market is getting bigger and bigger so I believe that manipulation will gradually disappear.
A lot of people dont want to accept this fact that the market is manipulated. They believe it all about the trade and dont know the underground job. They do it to make profit and benefit everyone, importantly now I think the manipulation is very well necessary. Every trader just need to know how to benefit from it.
actually the main problem is that most people are going overboard with their exaggeration of manipulation in this market. the fact is that manipulation exists in bitcoin market like it exists in every other market like the big ones such as gold market,... and the worst part is that whenever price falls you see everyone talking about the manipulation and when there is a rise everyone is silent because they are happy!