We often heard about market manipulation in crypto market. It can be true for small cap, or coin that issue by exchange or for the token where most of that token hold by team. But we also heard it about Bitcoin and etherum, when price fluctuate in large scale. I don't understand how these large cap coin can be manipulate, when these coin are well distributed and decentralized?
I don't just hear, it's something I see all the time in the crypto market, right now if you go to Dex screener and check all the meme coins, they are been manipulated everyday so it can favour their own plans. Only traders with huge money and influence can manipulate the market, though only influence work on Bitcoin, you can't manipulate the price for Bitcoin with money because it is too huge that's why only influential people can do and undo.
However, altcoins are the main manipulated coins, someone who has a large number of YouTube and directed his subscribers to buy a particular coins and the demand can skyrocket the price and sometimes they even team with people that has money to move the price of a coin, they be doing the shilling while the money/market makers be doing their thing in the background and this is made possible because it's very easy to manipulate the price with low market cap and small number of holders.