Elon Musk rudely manipulates the market, for some it is good, but for some it is quite the opposite. I see how some are trying to justify his actions, by the fact that on this Mr. Musk raises his authority and popularity, promotes cryptocurrencies.
But I see how only one side wins, and someone in the end will be among the losers. Although it is strange that Elon Musk decided to advertise exactly the meme-coin. It seems to me that if the focus of a businessman's attention was a larger project, then many would take what is happening more seriously.
It's undeniable that what Musk did is a plain manipulasm by influence, and I do agree, a coin that could eaisly influenced like that I don't sure stay true to its ideal which is decentralization and prone to be taken advantage of by certain people and the people behind the pump also should be responsible for themselves if anything went wrong. Though I anticipate these kind of things to happen quite frequently in the future.