On one hand, you could argue that the re-distribution isn't rapid enough. The network is still controlled by a few dozen accounts. On the other hand, it also means that whales see potential and aren't rushing for the exits.
However, I do think a lot of whales were holding for the Roadmap. The next few weeks will determine where they really stand. We may see the re-distribution pick up significant pace in the coming weeks.
Ultimately there could be an equilibrium between whales bringing investment and a certain magnitude of equality required for mass appeal. No idea where that would lie...