According to CoinMeta, Anthropic investor XN plans to increase their stake in the upcoming IPO. The company sent a letter to investors after the market turmoil on Thursday, stating that they will become a "major participant" in this listing. XN held a stake worth approximately $5.3 billion at a valuation of $965 billion in May. Large investors can sell 8% of their shares within the first three months after IPO, with the remaining portion becoming unlocked after one year. If Anthropic's valuation reaches the high end during IPO, Coatue expects their stake to exceed $13 billion.