Since crypto market grew big market players manipulate the whole market to take profit from weak hands. Everyone is aware of it and some are just riding with the whales. Even stock market are manipulated by rich people. They sell the news and spread FUD to manipulate the market. Even tweets by Elon is now driving the market.
There are a lot of whales surrounding the market and those that are big players that will make fud and when the market dumps, they are the ones who will take advantage first and buy those cheap coins as much as they want. They are mostly the rich people that will always wanted to control the market so they can always buy crypto coins as many as they want and continue manipulating the market.
Market manipulation isn't new to us and so investors are already used to it. If they can invest in those high potential coins like bitcoin and ethereum, market manipulation can't stop them from reaching new heights everytime these coins start to surge.
Somehow the whales controls and manipulates the market to an extent with the help of some crypto users who don't know their stand, most of these big guys we see, holding a very big bag, will sell at a good price, create some FUD about bitcoin and the weak hands and most newbies will be very much afraid and sell at lose, prices goes down and these big guys buy back lower and makes more gains, you see the strategy, most of the FUD been spread is done on a purpose, so the wiser an investor becomes the better for him.