Who is manipulating the crypto market? Because there's surely gotta be someone manipulating it. This is quite a popular sentiment currently. All of these happening does not seem normal. But well, it might be normal, because disruptions to the known status quo is a normal thing.
What are some theories to explore?
Memecoin Winners are Manipulating the Market
The rise of memecoins did a lot to the crypto market, so much that would keep coming to light many years down the road.
Do you realize millions of memecoins were created monthly? It was mainly a game where insiders came together, created a coin, made a shitload of money from it, only to do ot again in a few hours, and only to do it numerous times every month.
There was too much money made. Plus, there was a lot of coming together.
Nothing in the history of crypto has brought people together with the sole aim of manipulating and making money like Memecoins. A lot went on underground.
Many groups were created where people traded memecoins as a team. There were groups where people went about looking for the best memecoins to invest in, others where people found communities and came together to create a memecoin with the cooperation of the community leaders and cash out, other groups where the guys were scammed and they joined heads together for that.
Many of these groups made millions upon millions!
Groups like these when empowered with millions after they've seen what they can do together as a group, what do you think would be next for them?
Most likely they'll keep the collaboration and turn their efforts to the main crypto market: bitcoin, alts.
Institutions Taking Crypto More Seriously Because of the Bitcoin Spot ETF and Trump
In just a space of a year or so crypto has gotten a lot of backing that would make institutions and other rich players take crypto seriously. Trump and the Bitcoin ETF approval among other things like Michael Saylor, etc.
The crypto marketcap fluctuates between this range: 2.7 trillion to 3.2 trillion, it's still a small market that 500 billion and above, for example, can impact heavily. Surely a few players out there can easily muster 500 Billion and above, but these players probably didn't have much regard for the crypto market, but now that a lot more legitimacy has been acquired by the crypto market, it's probably all these big players needed to come in.
If this is the case the entire crypto market would remain in their hands until the market cap gets up to 10 trillion or more, where they wouldn't be able to manipulate it that much. But then, these guys may have made so much money and 10 trillion wouldn't be beyond their rich. If they didn't make more money they'll probably have more collaborators and the crypto market would need a veey high cap for it to not be easily manipulated.
Conclusion
Maybe the manipulation is not at the scale many of us fear, maybe a lot lf these ups and downs are normal because of all the Trump tariff talks, the Ukraine-Russia Situation, etc. Maybe.
But speculation is so much fun 🌚.
The End
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