Anytime they mentioned
decentralized, some people don't understand what it's about until experience is done on one person. Couple of days ago, there was this token called
World liberty financial price token(WLFI), it's a token backed by Trump family and it looks like some big players had a good buy before it went live on exchanges.
Yesterday, Justin Sun cried on one of his
tweet about how his token were frozen by the team worth $500m, it has been an alleged that he is known for price manipulation and dumping coins. I don't know if this has ever happen in the history of tokens sales that were unlocked only to be locked, there wasn't any form of agreements, this are unlock tokens.
This is an example to people that invest in anything, too centralized cost a lot and this is just one of the problems of centralization.
If he is not part of the team or affiliated to them, to me he has not done anything bad. He simply has the money to risk to manipulate the price and what the team could have done was to kick him out of the game using money they raised to counter him instead of taking the action that seems authoritative to me and will not make people have confidence to hold the token. This is why I prefer DeFi projects in which no individual can do this. Most markets are manipulated by people with the funds so he committed no offense.