Just to explain a little more specifically: in a coordination game, if player M effectively commits to strategy s_1 such that if they don’t follow it there is an irrevocable loss of value x, then only some player/group W who’d stand to gain an additional x from M choosing some s_{i \ne 1} would try to enforce a different equilibrium. (e.g. if W only gains y<x from their preferred then they could bargain with M for y and both are better off.) And yes, while a whale who could marshal 50\% + \epsilon of the voting currency could guarantee any outcome, they may not want/need to conditional on the commitment.