It is not uncommon to kill big players, but historically, it has been impossible to kill big players for the benefit of retail investors; it can only be for greater interests.
Regarding the whale issue, either some truly decentralized projects do not care, with smart contracts written to relinquish permissions, allowing freedom of movement; this is the original state of DeFi, as everyone knows, which many have mined by Sun. Or, there is a private agreement signed with the team, essentially creating a community of shared interests between the two parties.
In fact, many problems originate from unverifiable black boxes like point systems, relying on negotiation and personal relationships. Such situations are difficult to occur in smart contracts because many large players will at least verify whether the contract is upgradeable before entering and whether they can exit, etc. This reflects the transparency and immutability characteristics of blockchain; this is the correct and long-lasting approach.
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