The Anthropic contract on Hyperliquid's Ventuals platform is trading at $1,471, implying a valuation of approximately $1.48 trillion. This represents a significant 53% premium over Anthropic's latest post-money valuation of $965 billion following its Series H funding round. The current trading price suggests that investors holding long positions are anticipating a bullish outcome, valuing the company $515 billion above its official market valuation.