Maybe they can influence people to get in or out of projects, to buy or sell certain coins. They can't influence the price much unless they have lots of money, or they manage to make big investors sell/buy.

Here in Hive (or LeoFinance) we could see a bigger impact from some influencers. For example, when there are contests or call to actions, there are certain whales that can make a post and hundreds of users will participate. I know it's not a lot but considering the number of active users here, they certainly can "influence" lol. Hive has won many of this voting contests thanks to some whales that have asked the community to participate.

Posted Using LeoFinance ^Beta