Proof of War

Price Rationale

Final mark gives the stale exact sale more weight than forced-exit pricing, but less than the mid-50s comparable/cultural views. The only exact execution is **40 ETH** on 2021-03-14, with no current ask, best bid, OTC history, grail flag, or candidate benchmark support. The user-supplied 2332.57 USD/ETH snapshot converts the original 73,947.60 USD sale to about 31.7 ETH, which supports the bid side. A later 60 ETH EXPERTS sale and several 49-92 ETH historical XCOPY anchors justify pricing above a pure USD-cycle mark, but the lack of live demand keeps fair value near 45 ETH rather than the mid-50s.

What Caps The Price

Going higher would over-credit broad XCOPY scarcity and 2021-cycle comparables. There is no live bid or ask, no token-specific sale after March 2021, no OTC validation, no grail flag, and no supplied candidate set. The 70-92 ETH anchors are either older cycle prints or stronger context, while 60 ETH EXPERTS is the most persuasive ceiling-adjacent modern peer.

What Supports The Price

Going lower would treat thin liquidity as impairment rather than uncertainty. The 40 ETH exact sale was a real onchain SuperRare execution, not an ask, and adjacent market evidence includes PANIC STATIONS at 49 ETH and EXPERTS at 60 ETH. Current custody by safe.4156.eth and 1/1 XCOPY scarcity make a sub-30 ETH center too punitive.