On-chain Buyers Price Anthropic at $1T on Jupiter Prestocks

On April 27, 2026, activity on Solana’s Jupiter Prestocks showed an implied Anthropic valuation of about $1 trillion based on trades in synthetic Prestocks tokens. The pricing appeared on Jupiter’s Prestocks page and drew attention on social media.

The ANTHROPIC Prestocks token rose from about $122 per token in October 2025 to roughly $1,065 per token by late April 2026, a gain of about 733% in under six months. Prestocks tokens are SPL tokens on Solana minted to reflect 1:1 exposure to Special Purpose Vehicles tied to private shares. Token holders receive price exposure only and do not gain voting rights, dividends or legal ownership of Anthropic stock.

A private-share marketplace reported bids for Anthropic shares approaching $1.15 trillion on its platform and noted that it had pegged another large private AI company at roughly $880 billion. Observers pointed to strong buyer demand on private-share platforms and a limited secondary supply of Anthropic shares as factors behind the elevated implied pricing.

Anthropic’s reported revenue run-rate was near $9 billion at the end of 2025, rose to about $14 billion by February 2026 and exceeded $30 billion by late March and April 2026, driven primarily by enterprise adoption of the Claude model family. Banking analysts have modeled a potential IPO valuation in the $400 billion to $500 billion range. Some market participants have discussed a possible fourth-quarter 2026 listing that could raise more than $60 billion, although no S-1 filing or official timetable has been made public.

Onchain token metrics logged by a market data platform show a circulating supply of nearly 9,000 ANTHROPIC tokens, a token market capitalization of about $9.6 million and roughly $933,000 in liquidity. Daily trading volume ranged between about $478,000 and $1.7 million. Approximately 3,130 wallets held the token, with the top ten wallets controlling about 50.55% of the supply. Thin liquidity and concentrated holdings coincided with sharp price moves; at times the token traded at a 56% discount to its oracle mark price, and one brief window implied a $1.56 trillion valuation before prices settled.

Anthropic’s support page states that the company does not permit SPVs to acquire its stock and warns that tokenized transfers or transfers via forward contracts may be void under its transfer restrictions. The company cautions that third parties claiming to sell its shares through tokenized securities may be engaged in fraud or offering instruments with no legal value. The Prestocks product notes 1:1 SPV backing but keeps SPV details confidential and restricts participation by U.S. persons.

The $1 trillion figure reflects speculative pricing in onchain and private-share markets and is not an official corporate valuation. It reflects current trading and available secondary supply outside the company’s stated legal framework for share transfers.