Seems like Steemit is like an online high school :) Whales are like the popular kids. idk I think it's a interesting experiment but it seems like people who got in early are the real winners sadly. Same with Bitcoin or ZCash I'd guess.
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The people who get in early are always the winners.....or losers, whichever the case may be.
ofc, this was an all out assault by the ultra rich whales though. Not steemit whales. They are small fish in comparison. It was insider trading at it's absolute worse. Same on steemit. They were insider trading here since day one.