Hyperliquid’s ANT (IO) Contract Implies $1.64 Trillion Anthropic Valuation

Hyperliquid’s ANT (IO) pre-IPO contract implied a $1.64 trillion valuation for Anthropic at a mark price of about $1,651. The mark price was roughly 12% below the contract’s Nov. 4 close of $1,865.4, even as Anthropic released two new Claude models on Nov. 9 ET.

The implied valuation reflects the contract’s pricing; it is not an official valuation for Anthropic or an IPO price.

Anthropic priced standard API access to Claude Fable 5.2 and Claude Mythos 5.2 at $8 per million input tokens and $40 per million output tokens, 20% below the previous version. The company said output speed could be up to 30% faster than Claude 5.1. Fable is available to paid Claude users and through Amazon Web Services, Google Cloud and Microsoft Azure. Mythos requires an application through a life sciences or cybersecurity verification program.

Anthropic’s Oct. 26 filing sought a Nasdaq Global Select Market listing for Class A common stock under the ticker ANT. The filing did not specify a share count or price range. The company’s May 28 funding round raised $65 billion at a $965 billion post-money valuation; $15 billion of the total consisted of cloud-provider commitments.