According to CoinMeta, the price of HYPE is currently targeting $90, with whale purchases meeting the upgrade of HIP-3. According to a report from Lookonchain, wallet 0x6436 purchased another 430,224 units of HYPE for approximately $35.1 million, while newly created wallets withdrew 94,149 units of HYPE worth $7.66 million from FalconX. In addition, Ted Pillows also reported a whale purchase worth $30 million. Although these purchases have drawn market attention, they do not necessarily guarantee a rebound. The upgrade of HIP-3 allows anyone to stake 500,000 units of HYPE and deploy their own perpetual contracts. The next step for the market depends on whether whale purchases and the adoption of HIP-3 continue. Bloomberg reports that Hyperliquid Labs is in talks with the parent company of Kraken to introduce perpetual contracts to American traders through a regulated exchange Bitnomial. Meanwhile, North Korean hackers are alleged to have laundered $30 million through Hyperliquid within three weeks.