Meme token launch platform LONG said on Sept. 12 that Long.xyz has listed Pre-IPO trading pairs tied to OpenAI and Anthropic, with perpetual futures infrastructure supplied by Lighter. The platform said it has created paired liquidity pools for OpenAI, Anthropic and Nvidia, with 1x settings for OpenAI and Anthropic and 3x for Nvidia. For this early market, Long.xyz said it is using a customized liquidity design that starts with relatively shallow market depth before expanding liquidity over time. The platform also stressed that these Pre-IPO contracts do not represent actual ownership of OpenAI or Anthropic equity. Instead, they track valuation expectations for private companies. Lighter’s OpenAI and Anthropic contracts currently support up to 5x leverage and use an internal pricing mechanism. Long.xyz described the Pre-IPO market as experimental and said product parameters may be adjusted based on market performance. BlockBeats added that rising expectations around potential OpenAI and Anthropic listings have driven faster growth in similar on-chain pre-listing trading products, while warning that related tokens remain highly volatile and uncertain.
BlockBeats reported on Sept. 12 that meme token issuance platform LONG has launched Pre-IPO trading pairs for OpenAI and Anthropic on Long.xyz, with perpetual futures infrastructure provided by Lighter.
Long.xyz said it has set up paired liquidity pools for OpenAI, Anthropic and Nvidia. OpenAI and Anthropic are each listed at 1x, while Nvidia is listed at 3x. For this early-stage market, the platform said it is using a customized liquidity model that starts with lower market depth and then expands liquidity step by step.
How the contracts are structured
The platform said the Pre-IPO contracts do not mean users hold actual equity in OpenAI or Anthropic. Instead, the products track valuation expectations for private companies. Lighter’s OpenAI and Anthropic contracts currently support up to 5x leverage and use an internal pricing mechanism.
Still in an experimental phase
Long.xyz said Pre-IPO trading is still experimental and that the platform will gradually adjust related products based on market performance.
BlockBeats also said expectations for eventual listings by OpenAI and Anthropic have picked up recently, helping drive a rise in similar on-chain pre-listing trading products. The report added that the market is seeing a newer format that combines tokenized long exposure with meme pairings for speculative access, described as an upgraded version of earlier meme pair structures tied to stock tokens such as NVDA. At the same time, it warned that prices for related tokens can swing sharply and carry significant uncertainty, and that users should remain cautious.
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