Aster opens a 20,000 USDT Anthropic Pre-IPO Showdown for ANT perp traders until 12 December

What Aster launched

Aster, the multi-chain perpetuals exchange, announced its Anthropic Pre-IPO Showdown on its official X account on 13 November 2026. The campaign runs from 13 November, 14:00 UTC, to 12 December, 23:59 UTC, and has a total prize pool of 20,000 USDT.

Only two markets count: the ANTHROPICUSDT and ANTHROPICUSD1 perpetual contracts, which Aster also labels ANTUSDT and ANTUSD1. Aster describes a pre-IPO perpetual as a contract on the market-implied price per share of a company that has not listed yet, and says these contracts do not represent equity or any claim on shares.

How the 20,000 USDT is split

8,000 USDT goes to the top 5 traders by cumulative single-sided taker volume across both pairs. Each rank has its own minimum, ranging from $2 million to $20 million in taker volume, according to Aster.

Another 8,000 USDT goes to the top 5 by net PnL, meaning realised plus unrealised profit after trading fees and funding. Only positions opened during the campaign count. These ranks also need minimum taker volume, from $100,000 to $1 million; a trader who ranks on PnL without the volume for that tier drops to the highest tier whose minimum they met. Traders can win on both leaderboards.

The remaining 4,000 USDT is shared equally among traders who reach at least $50,000 in taker volume but win nothing on either leaderboard, with a cap of 50 USDT each. Aster says rewards that nobody qualifies for are not distributed, and only rewards of at least 1 USDT are paid.

How to take part

Aster lists three steps: turn off Account Privacy in your Aster account, trade the ANTHROPICUSDT or ANTHROPICUSD1 perpetuals, and follow your ranking on the campaign page. There is no separate sign-up. Sub-accounts cannot register separately; their volume is added to the main account. Aster says trades placed through supported channels such as Trust Wallet and SafePal also count.

Turning off Account Privacy has a cost worth weighing: Aster's rules say participants' wallet addresses and trading volumes will be shown publicly. Market makers are excluded, and wash trading, self-trading, wallet-splitting and Sybil farming lead to disqualification. Rewards are paid to Aster Perpetual accounts within 14 business days after the campaign ends, and Aster says it may change the rules at any time.

The IPO rebase and the risks

Aster says it will rebase its Anthropic pre-IPO perpetual in connection with Anthropic's IPO and will announce the method, including any effect on open positions, once IPO details are available. Its rules warn that traders may need to close and reopen positions. Volume and realised PnL keep counting if the contract turns into a regular perpetual during the campaign.

The volume minimums mean the leaderboard prizes are aimed at very active traders, and chasing volume costs fees and funding on a leveraged, volatile contract. For most readers the participation pool, at no more than 50 USDT for $50,000 of taker volume, is the realistic reward, so check the fees on that volume before you trade for it.