Binance's ANTHROPIC Pre-IPO trading pair rose 5.85% over 24 hours to $1,566, with $4.94 million in turnover, as investor optimism around the AI company fed into implied valuation estimates. Based on the contract's current price of about 1,565 USDT and a reference share count of 1 billion shares, Anthropic's implied valuation stands at about $1.565 trillion. That is below the nearly $2 trillion valuation some investors discussed in a Financial Times interview, suggesting about 28% theoretical upside if that IPO benchmark were used. The investors cited fast growth in demand for Claude and revenue as the main drivers. Anthropic said in May that annualized revenue had exceeded $47 billion, and those investors expect that figure could reach $100 billion to $120 billion by year-end. One investor said a 30-times-revenue approach could value the company at $3 trillion, though the report made clear those figures were investor forecasts, and several investors said Anthropic executives have not yet privately settled on an IPO valuation target.