June 10, 2026 · 10 min read
Claude Fable 5 Pricing: The Real Cost of 1M Context (and the 35% Tokenizer Tax)
Claude Fable 5 launched at $10/$50 per MTok, double Opus 4.8, with a 1M-token context billed at standard rates. The verified rate card, the full-context math ($10 per loaded call, $1 cache hits as the survival lever), the up-to-35% tokenizer inflation, the Opus 4.8 Fast Mode cut to the same $10/$50, and the week-one routing playbook.
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