The whale activity of moving XTZ around has certainly had a significant impact on the cryptocurrency's market. Coinbase, in particular, has been a major player in driving up the price of XTZ, as they have been buying and selling large amounts of the coin. This has created a lot of volatility in the market and has resulted in a significant increase in the price of XTZ. Other whales have also been active in the market, making large trades and influencing the price of XTZ. This activity has had a significant impact on the market and has likely been a major factor in the recent surge in XTZ's price.