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.
Manipulation of any cryptocurrency is not possible without the help of an exchange. I still remember the case of IOUX, where there was massive manipulation. It was listed in only a handful of exchanges, and the main exchange in which it was listed disabled the IOUX deposits for an extended period of time. This created an artificial shortage of the coin and the prices in turn increased by almost 10x due to that.