This. Although whales are gonna be part to induce fear to some people so that they'll panic sell and they'll take their coins to bulk up further their hodlings for sure. I learned this back when Bitcoin dipped to 3k, and good thing that I didn't panic lol.
I'll emphasize what you said that a lot of blind followers follow their favored celebrities without doing any proper research.
This is why I am not staying for a long period of time in Twitter. There are many braindead followers of celebrities there.