📉 An IPO is when a private company sells shares to the public for the first time. Anthropic - the AI company - was expected to IPO soon, but news broke that it's been pushed back to November.
That's normally the kind of news that shakes a company's value. Instead, its pre-IPO perpetual (a token that lets you trade a company's expected value before it's publicly listed) barely moved - down just 0.89% over the whole weekend.
Why? Because trading activity had already been building steadily:
-September volume hit US$643M — already more than all of August - #Binance handled 32% of that trading and holds 39% of the market's total open positions -Price is up 45.5% since August 1
🔗 Full report → Here
Are you tracking any other pre-IPO tokens right now? 👇
⚠️ DYOR. Not financial advice. Trading the perpetual doesn't give you ownership of private shares or an IPO allocation.
In the fast-paced world of crypto trading, knowledge is your strongest asset. Before making any move, always remember to Do Your Own Research. Dive deep, ask questions, and understand the projects you invest in.
Smart trading starts with informed decisions, put on your own shoes, walk your path, and build confidence through understanding.