You have done good analysis about whale and steem coins.

For ease of Math the platform has 260M tokens outstanding. It has a 10% inflation. 26M tokens will be produced in the next 12 months. Of those tokens 7-15% of them will go to the less than 1% of all accounts that have the most stake already. This is roughly 1.8M Steem on the low end 4.5M Steem on the high end. This is worth $4-9M USD over the next 12 months (without any additional changes to the price of Steem).

I did not know many things about whale steem and you have clear it to me. Yeah It is not fair distribution of coins :(