This is just a nickname for an individual or group that can control the market. However, it cannot fully refer to one party, but this can be said to be a metaphorical term for market manipulation. This means metaphorically to describe parties who are suspected or can manipulate the crypto market for personal gain. And the problem is that this practice will be difficult to prove let alone monitor because crypto is within the scope of a decentralized ecosystem.

Basically, we know that the philosophy of crypto existence is decentralization, which means that no one party has absolute control. And crypto in terms of price is determined by many complex factors, such as supply and demand, the existence of market sentiment, interference with government regulatory issues, and the development of technological innovation.

Although crypto does not have a single “mastermind”, it turns out that several parties can have a significant influence on the crypto market. We can see from conditions such as:

• Institutional investors

Where when a large company along with financial institutions start investing and playing in the crypto ecosystem.

• Large/Big exchanges.

As a large exchange, this is a condition where the exchange where people buy and sell crypto can affect the liquidity and price of a particular asset.

• Prominent Crypto Developer/Public Figure.

An influential figure both from the crypto ecosystem and outside the crypto ecosystem. For example, such as Vitalik as the creator of the Ethereum asset or Elon Musk as a user / observer. With their presence, they can trigger price changes through statements or decisions related to one of their proposed projects.

Indeed, the crypto market and its ecosystem is a system that is so complex and difficult to say that it can be controlled by the existence of a single figure or group that holds absolute control. But by understanding every side and line of the factors that affect crypto prices is a way and research to avoid the few or many risks of investing in the crypto world.

The hope for the future may be a lesson in the importance of planting a basis for the existence of the crypto philosophy itself. Because as a whipping material for the importance of voicing “what crypto was created for”, so that this built ecosystem can become an innovation that is truly useful for the existence of the world in general.