Binance Research(@BinanceResearch):Pre-IPO markets moved first. In August, ANTHROPICUSDT briefly implied ~US$2.0T (~2× Series H; ~30× run-rate / ~10× 2028 revenue midpoint in our cut). Mid-October marketing delays the calendar — the valuation debate stays the same: how much of the listing is already in the pre-IPO curve. Full chart in our September MMI.

Binance Research

@BinanceResearch

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Binance Research@BinanceResearch

2026.09.07 14:48

Pre-IPO markets moved first. In August, ANTHROPICUSDT briefly implied ~US$2.0T (~2× Series H; ~30× run-rate / ~10× 2028 revenue midpoint in our cut). Mid-October marketing delays the calendar — the valuation debate stays the same: how much of the listing is already in the pre-IPO curve. Full chart in our September MMI.