Entropy's ANTH pre-IPO perp on Hyperliquid: $1.83T implied valuation
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Entropy's HIP-3 ANTH perp prices Anthropic at about $1.83T, roughly 90% above the $965B Series H but about 9% below the $2T+ IPO target reported by the FT. Compares the setup to the Unitree pre-IPO perp.
Key claims
ANTH perp implies about $1.83T vs $965B Series H in May
FT: investors target $2T+ for an October 2026 listing
Would top SpaceX's $1.77T June IPO
So @entropyio launched its first two HIP-3 markets on Hyperliquid, and one of them is @AnthropicAI pre-IPO perps (ticker $ANTH).
Looks like a pretty interesting opportunity and reminds me of the $UNITREE setup (see quoted post).
Perps currently price $ANTH at ~$1.83T, equalling roughly a 90% premium vs. the last private round ($965B Series H in May).
That's still a ~9% discount vs. IPO expectations tho, as per @FT reporting in mid-August, Anthropic's investors are reportedly targeting a $2 trillion+ valuation for an October 2026 listing (on $100–120B annualized revenue expected by EOY).
That would make it the largest IPO ever, surpassing SpaceX's June debut at $1.77 trillion.
Want in? Join here (NFA) ↓
t.co/XHXh2dx77A
@entropyIO @AnthropicAI And in case this shows up in your feed bc you're a Hyperliquid maxi, check out this post too:
x.com/zerokn0wledge_/status/2090485518471442448
@entropyIO @AnthropicAI Adding this too:
x.com/LiveSquawk/status/2090498752754725242?s=20
QUOTING @zerokn0wledge_
Thanks to the house of all finance I got in early on $UNITREE, the first pure play humanoid robotics IPO. Shortly after that, my agent doubled down and increased my exposure on a separate wallet. Today I woke up, saw ADL both of my positions, and I made some very decent money.
Thanks to the house of all finance I got in early on $UNITREE, the first pure play humanoid robotics IPO. Shortly after that, my agent doubled down and increased my exposure on a separate wallet. Today I woke up, saw ADL both of my positions, and I made some very decent money.
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