There was certainly hype and hysteria -- but ultimately every time it would look like it was going to turn down, more USDT would magically appear and prop the p

There was certainly hype and hysteria -- but ultimately every time it would look like it was going to turn down, more USDT would magically appear and prop the price up. It's really a textbook study in how to manipulate markets -- and yes, it was probably one entity doing it. Now who that entity is may be a matter of speculation, but it's likely bitfinex/tether, which are really the same company run by the same people.