A CNBC article reports that traders on offshore crypto exchanges, mainly via pre-IPO perpetuals on Hyperliquid, are betting on a big first-day pop for Anthropic's IPO, with a contract implying a $98 price and roughly $1.7 trillion market cap, over 30% above the announced $70-to-$78 range. Proponents say the perps' pricing shows bankers intentionally undersell IPOs, while perps tracking OpenAI's market cap dropped 7% to $1.27 trillion.