Anthropic is reportedly still targeting an IPO before Thanksgiving, with investors circling a ~$1.5T valuation. The pre-IPO market is less enthusiastic. On @HyperliquidX, @AnthropicAI is down ~8.7% in 24 hours to ~$97, with ~$31M traded and ~$60M in open interest. The IPO may be weeks away. But the repricing is already happening onchain.