Topic

Pre-IPO perpetuals

Cash-settled perpetual futures that reference the expected share price or valuation of a company that has not yet listed. No underlying shares back the contracts, and they trade mainly on crypto derivatives venues.

Current clusters

invest1 publisher

Traders hold $79.27m of open interest in an Anthropic contract quoted at $2,147

Open interest in cash-settled Anthropic perpetuals has reached $79.27 million, with more than $20 million trading in a day, against a company that told the SEC in June it had not fixed a share count or a price.

Publishers:cryptoslate.com

Reality

Evidence48
Adoption56
Hype gap+32
Incentives74
Confidence46