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  1. Tokenized Pre-IPO stocks for AI companies often trade at massive premiums (e.g., Anthropic) and lack clear legal ownership rights from the actual company issuers.

    Impact: Investors may hold assets that are legally unenforceable or significantly overpriced compared to actual secondary market valuations.

    — from Market Dynamics: Bitcoin, AI Tokens, and Pre-IPO Speculation · Alles Coin Nichts Muss· Apr 18, 2026