In every market there are whales and their main purpose it's to generate pump, but also to ACCUMULATE PRECIOUS coins at a very cheap price
Buying them without make noise, or rumors..
In which projects do you think the Wahles are involved' the most?
The ETH whales are the ones who are the most active in alts, I believe. They hold so much ETH and can afford to spread this out across several ICOs, to diversify out their ETH since it is impossible to exchange it all to fiat in one big dump. You want to have a clue? Just look for new ICO tokens that have managed to keep GREEN despite BTC and other alts moving down to RED.