Death by Algorithm

Price Rationale

Final value balances the clean exact-token 256 ETH SuperRare sale on 2024-04-26 against the weaker current-liquidity picture: a 175 ETH listed ask, no current best bid, no OTC history, and no grail flag. The supplied benchmark ladder is strong, with N at 255 ETH in 2025 as the nearest lower peer and T H I N K at 300 ETH in 2025 as the nearest upper peer, so a pure 175 ETH exit mark is too low as fair value. However, the current ask below the last sale and absent bid make the 240-270 ETH sales/cultural appraisals too optimistic for a neutral mark. A 225 ETH fair value sits below the 256 ETH exact-sale anchor but above the immediate-exit lens, preserving the mid/high XCOPY 1/1 status while discounting for execution risk.

What Caps The Price

A value near or above 256 ETH would lean too heavily on the exact 2024 sale and 255-300 ETH peer prints while ignoring that the packet shows no live best bid, no OTC depth, no grail designation, and a 175 ETH current ask. Cultural salience and early-2019 SuperRare provenance support strength, but not a premium to the stronger upper-peer band without fresher demand evidence.

What Supports The Price

A mark at the 175 ETH ask or below would over-penalize liquidity and underweight the token-specific 256 ETH sale plus 2025 peer confirmations at 255 ETH and 300 ETH. The ask may be stale or non-representative given its supplied 2024 start date, and the work has demonstrated collector acceptance above 250 ETH, so fair value should remain meaningfully above a fast-exit bid.