VIPER

Price Rationale

VIPER is a 2019 XCOPY 1/1 with one clean exact-token OpenSea sale at 42.0 ETH on 2021-03-25, no supplied current ask, no current best bid, no OTC history, no grail flag, and no candidate benchmark set. I treat the 42 ETH sale as the primary anchor but stale cycle evidence rather than live liquidity. The liquidity and USD/ETH-cycle appraisers' 36-39 ETH fair values are too punitive for an early XCOPY 1/1 with proven 42 ETH execution, while the comparable-sales 72 ETH value overreaches by leaning on stronger 2019 works and broader triple-digit anchors not directly established for VIPER. A 48 ETH fair value sits modestly above the exact sale to reflect durable XCOPY 1/1 scarcity and cultural relevance, but below the stronger non-grail and flagship-adjacent comparables because demand is untested in the current packet.

What Caps The Price

A higher valuation would require treating broad 2019 triple-digit XCOPY sales or the comparable-sales 105 ETH ask as more directly applicable than the packet supports. VIPER has no live ask or bid, no OTC refresh, no grail/canon flag, no outgoing benchmark candidates, and only one exact sale from 2021, so pushing into the 70+ ETH fair-value zone would be an overshoot.

What Supports The Price

A lower valuation would over-discount the absence of current liquidity and effectively mark VIPER below or only equal to its stale 42 ETH exact-token sale. The work is still a true 2019 XCOPY OneOfOne with supply 1, long-term vault custody, a canonical work URL, and peer-context support from non-grail XCOPY 1/1 sales above the low end, so the low-30s exit/cycle view is too severe as a fair-value mark.