Anthropic's OTC Valuation Nears the $2 Trillion Mark

The race in artificial intelligence is intensifying on the financial front. Market deployer Entropy recently launched a Pre-IPO trading market for Anthropic on the decentralized perpetuals exchange Hyperliquid. This move opens a channel for investors to gain exposure to the AI unicorn before any potential public listing, quickly drawing significant capital interest.

Trading Metrics Signal Strong Investor Interest

Latest market data shows the ANTH token, representing exposure to Anthropic, experienced a slight pullback of 2.22% over the past 24 hours, currently trading around $1,974. However, the price movement belies substantial market activity.

  • Robust Volume: The 24-hour trading volume reached $19.88 million, indicating considerable liquidity.
  • Notable Open Interest: The total value of open contracts has accumulated to $3.44 million, suggesting investors are establishing medium to long-term positions.
  • Staggering Implied Valuation: Based on the current trading price, the implied OTC valuation for Anthropic sits at approximately $1.974 trillion. This figure places the company among the world's most valuable tech firms and underscores exceptionally high market expectations for its future potential.

Pre-IPO Markets Emerge as Key Barometers

Beyond traditional IPO routes, trading Pre-IPO equity or synthetic exposure on decentralized platforms is becoming a trend. It offers greater flexibility and liquidity opportunities for early investors, employees, and speculators. The successful deployment and high volume for Anthropic on Hyperliquid demonstrate the market's strong appetite for premium AI assets. This model not only tests valuation resilience in a non-public setting but may also provide crucial reference points for any future public offering pricing.

As the AI technology race heats up, every capital market move by a core player like Anthropic is closely watched. Whether its OTC valuation can be sustained will depend on subsequent technological breakthroughs, commercial traction, and broader market conditions.