If you still decide to sell do not sell all the coins. This way we will limit the offer and punish whales. Do not give om the opportunity to enter the market at a good price. They didn't deserve it. Need to keep 10-20% of the coins anyway. In scales of the market it will be a powerful force. They should be hodlers all the time.
Of course that's why we always preached that the weak hands always lose in this kind of speculative market because they are easily swayed to sell their coins and the whales grab it immediately because its at a discount. But sometimes its really hard to Hodl on your coins and in certain occasions, you need to dump a few from your stash.
But to punish the whales? I don't think so. They are very powerful entity and there's no way that we can go against them. Actually we should rode and buy as well during any dip so that at least we can't get as much as they want.