Just following up from our Discord discussion. My suggestion was to analyze actual rate of distribution from new whales list to determine whether Hive distribution is consolidating or expanding. Historically distribution has expanded over time, but much of this was driven by Hive account@misterdelegation support of various dapps that consistently upvoted their users.

Without that, do the new whales provide enough community support to expand distribution, or do the rewards they share with the community pale in comparison to the curation/author/witness rewards that they collect? Since there isn't enough post-fork data to establish a trendline yet, we can extrapolate based on the current behavior of top 100 whales. Are they collecting more in rewards than is generated from the inflation dilution of their stake?