Alright, that's interesting. Buying it back is nice and all, but if you buy back just to sell later again, you are not really helping anything. We need people to buy and hold it, so the supply decreases.
Also some people buy STEEM on exchanges and don't even know about Steemit, so whale influence is unchanged. If it's not bad then why is STEEM price in free fall mode right now , you could say it's a correction, but if the supply wasn't enormous, the correction wouldn't happen.

We need a way to either decrease the supply massively or increase the demand.

Some smart people might try to get STEEM on new exchanges ?