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Price Rationale

Final valuation triangulates the four appraiser outputs around the exact-token history and liquidity constraints. The target is a January 2019 SuperRare XCOPY OneOfOne with clean onchain sales of 1.3 ETH / $152.07 on 2019-01-24, 12 ETH / $4,228.32 on 2020-09-21, and 175 ETH / $382,546.50 on 2021-07-24, with the 175 ETH sale both last and highest. That sale remains the strongest hard anchor, but it is stale and from the 2021 cycle. The source shows no current ask, no current best bid, no OTC sale history, and no grail flag. Appraiser values cluster from 150 to 175 ETH, with bid indications from 120 to 135 ETH and ask indications from 185 to 225 ETH. A 170 ETH fair value keeps the mark close to the hard 175 ETH exact-token sale while applying a modest liquidity and cycle discount; a 125 ETH bid reflects practical exit risk, and a 220 ETH ask reflects collector negotiation room for an early non-grail XCOPY 1/1 with a meme-native title. The related hello admin dm me KnownOrigin edition sold for 73.75 ETH on 2026-03-05, but it is treated only as context, not a direct 1/1 benchmark. ETH/USD snapshot is null, so no current USD conversion is used.

What Caps The Price

A higher value would over-weight the 175 ETH July 2021 exact-token sale or stronger early-XCOPY comparables without current target-level confirmation. The packet has no live ask, no live best bid, no OTC sales, no grail flag, and only one named candidate, which is explicitly a later 20-owner KnownOrigin edition and context only. The liquidity appraiser's 150 ETH value and 185 ETH ask also argue against treating 225 ETH or higher as the central executable mark.

What Supports The Price

A lower value would underweight the target's clean exact-token progression and its established 175 ETH / $382,546.50 onchain sale. The work is an early January 2019 SuperRare XCOPY 1/1, has no weak post-2021 resale in the supplied record, and the related hello-admin edition's 73.75 ETH 2026 sale supports continuing motif demand. Supplied nearby early SuperRare 1/1 context also includes meaningful 2024 clears around 100 to 315 ETH, so a sub-150 ETH central mark would be too punitive absent a live low ask, distress signal, or negative exact-token sale.