after Merck and Moderna hit both Phase 3 melanoma endpoints, MRNA rose 136% and MRK 10.4% with no direct HYPE bid. a TradeXYZ MRNA perp adds a HYPE bid only when fees fund HYPE buys and burns. under HIP-3, TradeXYZ posts one DEX stake, so a new market locks no extra 500k HYPE. ...