There are many popes and their characters, which means that some popes have their own strategies, but the popes are more careful and more specific in making each transaction, because they will be very concerned about the big transactions that occur.
Whales get early information because they have wide channels so they can do some manipulations to influence small investors with various kinds of news that are published.
This is also related to the Market Fundamental Pad, Whales have an important role in the Market Fundamentals because they manage everything well and lead to a strategy that they are blind to.