It has been observed several times that the cryptomarket boomed and after a short span of time it started to fall on the grounds with similar intensity .Similar patterns have also been observed in other markets for example the prices of oil touched the peak and nosedived ,share market prices, property prices shoot up and down with same speed .It is not limited up to a one or two commodity but the whole basket of the commodity market is not spared resulting in exploitation of the small investors .In my opinion these big whales jump from one market to another and not stay in one market and earn huge profit .Technology can catch them if these are the same persons or group of persons who are harming the interest of the crypto investors is a matter of study .Do you agree with my point of view.
You shouldn't protect the market because then it will stop to be so. Whales are not bad for the market because they are the ones who can start a new bull run and who made pumps in the past. If there were no whales Bitcoin would have never reached the highs that he did. For surely manipulation is not a good thing but without it you can be witnessing flat market for a long-long period of time...