If you are sophisticated (or even just have a functioning brain instead of a void between your ears) you can easily see that the largest exchange is minting it's own crypto. And amazingly, it remains pegged regardless of how much they mint.

This is being used in more than half of all crypto trades and can easily be used to influence crypto prices across the board.

There is really nothing "free" about a market where the market makers are also active players with an unlimited supply of funds. And without a "free market", most everything else is irrelevant.