I would disagree. 10 or more BTC does not make a whale.  As much as I believe in Viacoin's promise I'm not oblivious that most people in altcoins are traders looking for action.  The community has lost its vibe and there are certainly a lot of people eagerly awaiting announcements.  When those don't come people cut loose and try to chase other movers. 

It's a cycle...people will plow back in once there is some action to get in on.  The trouble with this coin is that it is hard to get them on the rise and so you probably aren't going to get a good entry back in.