ANT

Anthropic, PBC is the AI research and products company behind Claude, developing systems with an emphasis on safety, reliability, and interpretability. Its pre-IPO markets on Hyperliquid include Trade XYZ's ANT and Entropy's ANTH. XYZ references one Class A common share priced in U.S. dollars, while Entropy prices its contract in terms of the company's market capitalization. Both markets reference Anthropic, but their quoted prices use different units and cannot be compared directly. Trade XYZ plans to transition ANT to a standard perpetual when the underlying shares begin public trading; each venue's specifications govern its own pricing and settlement.