Isn't that basically why some f2p games that are p2w can alienate a ton of people as long as they have a few "whales"?

Yes, until they alienate too many cause these games depend on a big player base. Then the whales leave too and having alienated all the non-whales the business is usually dead.

Then some of the art and assets are rotated, and the new Battle Slime Kings 2 gets released and featured in the App Store.