/biz/ - Business & Finance

If whales really are suppressing the price of coins/tokens like Chainlink (which does look to be the case), do they not realise that sooner or later they are going to scare off investors/buyers for good by ruining Chainlink's reputation? People won't buy it because they fear that even with good news, the price won't increase significantly, and that the market is not free to react as it should. The whales will end up bag holding it themselves.
An analogous example would be OMG. Their reputation wasn't ruined by whales, it was mostly ruined by themselves shilling rumours and allowing fake news to prevail. Now, when good news comes out and it should moon, nothing happens, as the market has become cynical and mistrustful, and won't buy. This will last for a long time, perhaps forever: it takes ages to build a good reputation, but very little time to lose one.
Tl;dr do whales not realise they risk ruining their own investment by taking things too far?