That's merely a "young, nacsent" altcoin. I was thinking about a more developed/mature coin, with high market value. As an example, Ethereum, which is going to make the switch to POS.
It wasn't that young, but the principle applies to everything that even includes bitcoin because if you check, a lot of bitcoins are stored on exchanges by traders and newbies. The situation is even worse for altcoins because we don't have as many altcoin exchanges as we have bitcoin. There is essentially only Binance with majority of the volume. It is even worse for shitcoins like Ethereum because they have massive premines (72 million in this case) that is controlled by one entity.