Only if too many people were using it or frontrunning the moves.

But there's also the chance that a ton of people using it would make the moves even more likely to happen from self-fulfilling prophecy. There's only so much liquidity in the market. Taking something like this private is also a very real option.

But if something like this could move the market it would have to be huge.
Seems unlikely unless it actually worked very well.
Then it becomes self-cannibalizing.