Obscuring any ERC-20 token in any wallet. Possibility for whales to hide themselves. Thoughts?

Oasis's new EVM Sapphire makes it possible to wrap any ERC-20 token in a privacy wrapper. Which besides granting other features it also grants the ability to not have the token show up in your wallet.

So someone from some tiny project on another EVM could theoretically bridge their token to Sapphire, wrap it and then no one would know that specific wallet is a whale. As the wallet won't even show up in the explorer as a whale wallet.

This can happen as soon as Sapphires first DEX launches in about 2 weeks or so.

What are your thoughts about this?