Identifying price manipulation can involve looking for abnormal trading patterns. For example, a sudden large - volume buy or sell order that significantly moves the price, especially if it's not accompanied by corresponding market news, may be suspicious. Price manipulation can distort the true value of cryptocurrencies, making it difficult for investors to make rational decisions. It also undermines market trust, which is crucial for long - term growth. Regulatory agencies can implement stricter surveillance on large - volume transactions and impose penalties on manipulators. Market participants should be vigilant, use reliable exchanges, and report suspicious activities. Additionally, exchanges can improve their trading algorithms to detect and prevent manipulative behaviors.