Crypto traders continue to hold tokenized ANTHROPIC pre IPO shares on Solana even after Anthropic moved to invalidate unauthorized secondary sales.
The decision has raised doubts over whether these traded assets carry reliable backing or any direct claim on future company equity.
Yet activity has not disappeared, as buyers still treat the tokens as speculative exposure to one of the most-watched private AI companies.
Tokenized ANTHROPIC Faces Ownership Questions
Anthropic’s reported action against unauthorized early buyers has put pressure on pre IPO token markets.
The company’s position means some special-purpose vehicle purchases may no longer be valid, which weakens confidence in tokenized products linked to those arrangements.
The concern is not limited to ANTHROPIC. Tokenized private shares have gained demand as crypto users seek assets tied to companies outside the usual digital asset market.
However, the structure behind these products remains complex, especially when buyers depend on intermediaries, offshore vehicles, and issuer disclosures.
ANTHROPIC previously ranked among the most active tokenized pre IPO stocks on Solana, alongside SpaceX-linked tokens. Its strong early valuation attracted traders looking for price discovery before any public listing.
That demand now faces a test as investors reassess the legal and economic value of these instruments.
Solana Trading Continues On Meteora
ANTHROPIC still trades across Meteora liquidity pools, where it behaves more like a high-risk crypto asset than a traditional private market security.
As of May 18, the token had 3,663 on-chain owners, with much of the supply concentrated among whales and market makers.
The token fell from above $1,400 to about $956.89 after the latest uncertainty. Even after the decline, it remained far above the reported Forge retail price of $254.57. The gap reflects speculative pricing, thin liquidity, and the difficulty of valuing private shares through decentralized markets.
Anthropic and other pre-IPO tokens corrected their price, but remain in demand. | Source: Dune Analytics.
Liquidity stood near $1.7 million, leaving the token exposed to sharp moves when large holders sell. One major holder has reportedly reduced exposure in recent days, adding pressure to the market. Still, ANTHROPIC continues to record about $1 million in trading volume, which shows that traders are not fully exiting the sector.
PreStocks Defends Backing Model
PreStocks, the issuer behind ANTHROPIC on Solana, has defended its process and said its tokens remain backed under its terms and conditions. The company says it avoids lower-tier SPVs, verifies ownership closer to the cap table, and checks fund managers before tokenization.
PreStocks also says it uses Reg S debt instruments issued outside the United States for offshore users. Minting and redemption require eligibility checks and KYC screening. For now, ANTHROPIC remains a risky price discovery tool rather than a confirmed path to private share ownership.
