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Yesterday I saw someone who directly took the Pre-IPO Token market cap on Jupiter for Anthropic as the company's valuation.
On one hand, I think it's pretty impressive that these small innovations in our crypto circle are starting to be used by people; on the other hand, with only 300 traders in 24 hours and a liquidity of just one million, it's even less than a memecoin.
In this context, directly using the token market cap as the company's valuation is obviously incorrect.