The scamming will continue for as long as there will be naive newbies who believe that they can invest in "good project", and it seems there's still plenty of such people. Nowadays most people know about the dangers of shitcoins, ICO scams, pump and dump and so on, but somehow they believe that they posses the skills to avoid it. and this is where they are wrong. My advice is just stick to Bitcoin, it can't be manipulated in the long run and it's the least risky coin in this whole market.
i don't think the OP was referring to any particular coin but the whole crypto space and the manipulation going on in it, clearly the message was about exchanges and how they blatantly manipulate price, judging from today's market situation, i think we are going to see more people like OP confirming their believe that crypto is highly manipulated, at the moment, it is impossible to say the reason fro this huge dump, many people attribute it to the virus, but truth is that!
as it is now, both btc and shitcoin are all affected.