Not really, sometimes there are times when Whales pump excuses. so we can't be too fixated on rumors and news. so always pay attention to the chart if it looks like it's going to go up, then buy it.
Whales demands and it's up to traders and investors to ride with it, if you know how to read the chart and you already have a nice experience with how the whales works, this news and rumors can be a good guide for you as most the time whales will go against the directions and bring the trend to the other side, not as always but you need to be more careful and assess things before going to invest.