Doubt it will have negative effect on price, since we are allready down too much, but who knows, maybe there will be yet another dip before
we start going up again.
Dont be mistaken, bitcoin is decentralised, and theese kind of elites will disappear with time as bitcoin get more widespread.
cheers
whales will still be whales .......
bitcoin will never be distributed equally or fairly amongst the 7 billion people on earth
just like every other wealth or resource on the planet ,top 1% will control most of it
the whales with 500k btc arent going to just disappear ,there will always be the welathy exchange owners,investment capitalists and such people who get a % of every trade so there will inevitably be a
huge ever widening gap between the rich and the poor
just the way the world goes around folks .........