If there are people that control the market then we are unable to support a cryptocurrency adoption. It is sad to see people saying that and more sad that they believe that there is not a solution to that. We are in a decentralized system and not in a centralized. How is it possible that there are people who control the market? Everything is open to anyone if you think that manipulation happens in one coin then blacklist it and go to the next one.
To describe the current scenario is more difficult because there are two different people they are using it more consistently but in different direction the one side of people will withdraw their investment only and one side of people will improve their investment more than before so this will be both good and bad the same.