Not So Fungible Offering

Price Rationale

Reconciled value centers between the low-liquidity and market/cultural appraisals. The exact-token record is only one stale 0.15 ETH / $86.15 SuperRare sale from 2018-06-01, so it proves early provenance but not current value. The work is a May 2018 XCOPY SuperRare 1/1 with supply one, artist-primary provenance, long holder tenure since 2019-01-31, and a title/description with NFT-native relevance. Against that, the packet shows no current ask, no current best bid, no OTC history, no grail flag, and no candidate benchmark set. The 85 ETH fair value sits above weak stale adjacent prints and the 30 ETH Departed sale, near but below Dissolution at 100 ETH and Redux 5 at 74 ETH, and well below stronger recent or culturally clearer 100-300 ETH non-grail anchors.

What Caps The Price

A higher valuation would need stronger executable evidence: a current bid or ask, recent exact-token sale, OTC history, candidate benchmarks, or a grail/public-standing flag. The stronger 150-300 ETH and 1000+ ETH comparables have better market evidence, stronger canonical status, or more recent price discovery than this token, while several nearby early works remain low or stale.

What Supports The Price

A lower valuation would over-discount a very early May 2018 XCOPY SuperRare 1/1. Despite thin liquidity, the global snapshot shows nearby or broader non-grail XCOPY 1/1s achieving meaningful later prices, including Departed at 30 ETH, Dissolution at 100 ETH, Loading New Conflict Redux 5 at 74 ETH, Redux 2 at 300 ETH, and several 2024-2026 non-grail outcomes around 100 ETH or higher.