Anthropic Pre-IPO Market Rises to $1.99T on Hyperliquid
The Anthropic Pre-IPO market launched on Hyperliquid through HIP-3 deployer Entropy, giving crypto traders a venue to speculate on the private AI company’s potential valuation. In the earlier report, the ANTH contract implied a valuation of about $1.89 trillion, with $28.26 million in 24-hour volume and $6.75 million in open interest. In the latest update, ANTH traded at $1,988, up 0.74% in 24 hours, implying a valuation of $1.988 trillion. Daily volume stood at $9.69 million, while open interest increased to $18.32 million. The higher open interest points to stronger speculative participation, although trading activity and liquidity remain subject to change. ANTH is a pre-IPO contract, not publicly traded Anthropic equity. Traders should monitor liquidity, contract terms, volatility and any gap between the market price and a future financing or IPO valuation.
Neutral
The news is neutral for the ANTH contract because it creates a new trading venue but does not establish publicly traded Anthropic equity or guarantee a future IPO valuation. The implied valuation rose from about $1.89 trillion to $1.988 trillion, while open interest increased materially from $6.75 million to $18.32 million. These changes may support short-term volatility and attract momentum-driven traders. However, reported 24-hour volume fell from $28.26 million to $9.69 million, suggesting that liquidity and participation may be uneven. In the short term, rising open interest could amplify gains or losses if sentiment shifts. In the longer term, the contract may reprice sharply around new funding, IPO or valuation news. Because the market is speculative and its price may diverge from Anthropic’s eventual financing or listing value, the direct price impact is best classified as neutral rather than bullish or bearish.