After launching its IPO roadshow, Anthropic's valuation rebounded to $1.8 trillion, with on-chain transactions surging to $250 million.

According to TradingBeats monitoring, as of press time, io:ANTH—deployed by Entropy on Hyperliquid—trades at 1806 points, up roughly 9.9% over the past 24 hours, corresponding to a fully diluted implied valuation of Anthropic of around $1.81 trillion. xyz:ANT, deployed by Trade.xyz, is at $103.91, up ~6.3% in 24 hours, about 33% higher than the IPO price range’s upper limit of $78. Combined 24-hour trading volume of the two contracts totals ~$248 million, while the total nominal value of open interest stands at approximately $147 million. Anthropic kicked off its IPO roadshow last night, planning to issue 825 million shares at a price range of $70 to $78 per share. The prospectus also revealed that seven companies including Google and Nvidia will participate in a concurrent private placement totaling $26 billion at the final IPO offering price. Before and after the terms were disclosed, io:ANTH briefly dropped to 1539.6 points, then rebounded by around 17.3%. CNBC cited sources familiar with the matter as saying that on the first day of the roadshow, institutional orders within the price range were sufficient to cover the planned shares, and market demand has provided new support for the valuation rebound. The largest long position holder in the Entropy market has not yet closed out their position. The address starting with 0x9a80 currently holds a long io:ANTH position worth ~$14.92 million, using 5x isolated leverage. The average entry price corresponds to an implied Anthropic valuation of roughly $1.98 trillion, with an unrealized loss of ~$1.4 million, and the liquidation price corresponds to a valuation of about $1.31 trillion. In the xyz:ANT market, an address starting with 0x33b7 opened a new long position worth ~$2.51 million at an average price of $93.65 during last night’s post-disclosure drop, and is now sitting on an unrealized profit of approximately $270,000.