PreStocks are live on Pumpfun! You can now launch coins paired with OpenAI, Anthropic, Anduril, Neuralink, Figure AI, Kalshi, Polymarket and Oura. Trade pre-IPO tokens and pair new tokens with them on Pumpfun, powered by @PreStocks

PreStocks has surpassed 50,000 holders! 🫂📈🎉 OpenAI, Anthropic, Anduril and more. Pre-IPO exposure, once reserved for the wealthy elite, is tradable 24/7 on @Solana. And we're just getting started 📈

prestocks on solana just got wiped. $638b in fake tokenized equity zeroed in 48 hours after anthropic and openai lawyers sent cease and desists. no custody, no transfer agent, no issuer authorization. just an SPL token with a ticker and a telegram group. the $2.1b in exit volume over 72 hours is the number that matters though. that demand for liquid pre-IPO exposure is real and it needs somewhere to go. polymarket added anthropic valuation markets within 3 days. kalshi opened crypto-settled contracts on AI company IPOs. you can't tokenize an asset you don't control but you can build a prediction market around it. the founders deleted their twitter accounts and the domain went offline. a minute of silence for the $638b that never existed in the first place

News: @PreStocks says all live PreStocks tokens remain fully backed and operational, adding that it mitigates SPV risk by avoiding lower layer structures, verifying ownership, and vetting fund managers before tokenization. Its Anthropic market fell 45% after Anthropic’s warning on unauthorized transfers, but has since stabilized near a $950B implied valuation after briefly dropping below $700B.

Quick update: more USDC liquidity is live across PreStocks! We’ll keep adding more, including for SpaceX as unlock distributions slowly come in and get put toward SPCXx, so conversions can start moving towards tighter discounts. We’re also experimenting with non-zero transfer fees (initially 0.5%), alongside lower base fees on official liquidity to offset it. This means trades through official liquidity should be cheaper overall. Revenue will go towards more support for PreStocks builders, more liquidity, and more supply across more names.