Whale Builds $25.43 Million Anthropic Short on Hyperliquid Premarket Contracts

A trader had built a $25.43 million short in Anthropic premarket contracts on Hyperliquid, a trading venue, and continued to add to the position. Contracts across platforms implied a market capitalization of roughly $1.8 trillion for the company.

Anthropic is expected to list in about two weeks, with an expected valuation of $1.75 trillion. The implied market capitalization is about $50 billion higher. The premarket contract is identified by ticker ANT.

A short position is a trade that benefits if the contract price falls.