DISCONNECT

Price Rationale

DISCONNECT is best anchored by its exact-token SuperRare onchain sale at 136 ETH on 2024-04-26, which is both the last and highest sale and is far more probative than the two 2019 0.5 ETH provenance sales. The four appraisers form a sensible central band around that print: liquidity and cycle views at 122-125 ETH, comparable and cultural views at 150-158 ETH. I place fair value at 140 ETH, slightly above the exact sale but below the higher appraisal marks, because it is an early May 2019 XCOPY 1/1 with a clean modern sale yet no grail flag, no current best bid, no OTC support, and no outgoing candidate benchmark count. The 300 ETH ask is useful evidence of holder reservation value but not treated as executable market-clearing proof.

What Caps The Price

Values near 180-300 ETH would over-rely on the current 300 ETH ask or on stronger nearby XCOPY works rather than DISCONNECT's own evidence. The supplied packet shows no current bid, no grail status, no OTC sale history, and no candidate benchmark support; the only modern exact-token clearing event is 136 ETH, so a material premium above the comparable/cultural appraiser range is not justified.

What Supports The Price

A value materially below the low-120s liquidity/cycle marks would underweight the clean 136 ETH exact-token sale from April 2024 and the broader evidence that early SuperRare XCOPY 1/1s can still command six-figure ETH outcomes. DISCONNECT has credible early provenance, single-owner post-sale holding, and thematic fit with XCOPY's market-anxiety canon, so a forced-sale discount should not become the fair value.