A whale is shorting Anthropic on Hyperliquid, with a position of about $25.43 million.

A whale opened a short position worth roughly $25.43 million on Anthropic pre-market contracts on Hyperliquid and is still adding to it, according to on-chain monitor Ember. The address holds two related shorts valued at about $20.36 million and $5.07 million. Anthropic is expected to list in about two weeks at a projected valuation of $1.75 trillion, with pre-market contracts across platforms implying a market cap near $1.8 trillion. The bet matters because it pits a single large trader against a richly valued pre-IPO name ahead of its listing. Watch whether the whale keeps scaling the short and how pre-market pricing converges toward the IPO reference valuation.