Came across a pretty surreal sight this weekend ☕

Anthropic hasn’t officially gone public yet,
but people are already betting on its stock price on-chain.

There are two contracts listed on Hyperliquid.
One is called ANT, tracking the price per share.
It opened around 138, later fell to around 110, down about 20% in the first hour.
The other is called ANTH, where $1 corresponds to a $1 billion valuation.
It’s now a little over 1,800, implying a valuation of about $1.8 trillion.

Keep in mind, neither of these is actual stock.
There’s no equity involved, and they settle in USDC.
The company has also warned people to be cautious about third-party products claiming to offer equity.

trade.xyz estimated a possible listing date around November 20.
Anthropic hasn’t confirmed it.

The IPO hasn’t even opened,
and the perpetuals are already underway.
All I can do is sip my tea and watch 🙂