My conspiracy radar believes that these harmful whales are employees at Twitter, YouTube and Facebook. It will always be a problem with any unregulated service that people with means will try to harm it, either to sabotage competition or just out of sheer bored human malice.
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It seems that you are right.
I was thinking that maybe if there are more people who will invest in HP, post a lot of good articles about arts and entertainment, and upvote each other (according to one's own preferences), then people like likwid might not be able to downvote them all. However, maybe those conspirators would just invest more from their billions of funds just to attain their goals against Hive.