A whale has opened a $25.43 million short position on Anthropic pre-market contracts via Hyperliquid and continues to add to the bet, according to on-chain analyst Ember. The move comes as Anthropic (ANT) is expected to list in approximately two weeks at an anticipated valuation of $1.75 trillion. Pre-market contracts across platforms currently imply a market cap of roughly $1.8 trillion for Anthropic, slightly above the projected listing valuation. The whale's aggressive shorting suggests skepticism about the AI company's pricing ahead of its debut.