Nullwave

Price Rationale

Nullwave is a February 2019 XCOPY SuperRare 1/1 with clean provenance and a live 325 ETH ask, but the exact-token market record is very thin: one stale 2019 onchain sale at 0.9 ETH / USD 356.52, no supplied current best bid, no OTC history, and no grail flag. The four appraisers converge on a mid-100s ETH current mark, with comparable, cultural, and USD/ETH-cycle views around 175-190 ETH and the liquidity-exit view lower at 135 ETH. Nearby early-2019 XCOPY OneOfOne evidence supports materially more than the stale primary-era sale, including later marks around 100-315 ETH for selected adjacent works, but the live listing should be discounted because it is not executed demand. A 170 ETH fair value balances early-XCOPY scarcity and later market repricing against token-specific illiquidity.

What Caps The Price

A higher value would lean too heavily on the 325 ETH ask or on stronger nearby works with cleaner recent sale support. Nullwave has no visible current bid, no exact-token sale after 2019, no OTC sale, no grail flag, and its only supplied Null-related candidate is explicitly context only rather than a binding benchmark.

What Supports The Price

A much lower value would over-weight the stale 0.9 ETH 2019 sale and ignore the supplied early XCOPY OneOfOne universe. Nullwave is still an early SuperRare 1/1 by XCOPY with a live ask and broader nearby evidence of non-grail early works clearing around 100 ETH to the low 300s ETH when demand appears.