Although most of us hate whales, the existence of whales is beneficial to the entire market. It is precisely because of the existence of whales that this market is full of “vigor”, otherwise we are only seeing a dead market. Relying solely on investors' transactions does not effectively affect the crypto market.
This is about the amount of investment they have in the crypto market. Whales have huge amount of investment made in the crypto and this is the due to the size of their investment that they can exercise their power in the market.
This could be out to an end if a bigger population of people adopts and shifts to cryptocurrency which would be enough to neutralize the impact of whales’ decisions of investment of withdrawal.