Anthropic Pre-IPO Traders Push Onchain Implied Cap to $1 Trillion
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Anthropic Pre-IPO Traders Push Onchain Implied Cap to $1 Trillion
"Kobeissi Letter flagged Anthropic's onchain implied valuation hitting $1 trillion on Jupiter's Prestocks on April 27, 2026. The ANTHROPIC token climbed 733% since October 2025, pushing the implied cap past $380 billion from the February Series G."
"Prestocks tokens are SPL tokens on Solana, minted at a 1:1 ratio to Special Purpose Vehicle exposure that is meant to track actual Anthropic shares on secondary markets. Token holders receive price exposure only, with no voting rights or dividends."
"Forge CEO Kelly Rodriques confirmed that Anthropic shares were hovering near the $1 trillion mark on his platform, with some bids reaching $1.15 trillion, flipping OpenAI, which Forge pegged at roughly $880 billion."
On April 27, 2026, Anthropic's onchain implied valuation hit $1 trillion, as reported by the Kobeissi Letter. The ANTHROPIC token on Solana surged 733% since October 2025, increasing from approximately $122 to over $1,065 per token. This growth pushed the implied market cap past $380 billion, following a Series G funding round. Anthropic prohibits SPV and tokenized share transfers, warning investors of potential legal issues. Demand for Anthropic shares was confirmed by Forge Global, with bids reaching up to $1.15 trillion, surpassing OpenAI's valuation.
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