Pteron

Price Rationale

Pteron is a 2019 SuperRare XCOPY 1/1 with one exact-token sale at 0.6 ETH / $111.99 on 2019-11-12, and both supplied adjacent peers, Bad Code and LA_h-u-m-a-n, also sit in the same 0.6 ETH November 2019 non-grail cluster. That direct evidence is stale and too low for a current XCOPY 1/1 mark, but the token also has no current best bid, no OTC history, no recent exact resale, and no grail flag. I weight the comparable, liquidity, and USD/ETH-cycle appraisals around the high-30s to high-40s, give some credit to the cultural-canon argument for early XCOPY provenance, and land at 52 ETH fair value with a 30 ETH bid and 85 ETH ask.

What Caps The Price

A triple-digit or ask-led mark is not supported: the 999 ETH SuperRare listing is only an ask, there is no current bid, no OTC sale, no recent exact-token execution, and the nearest same-tier benchmarks are both 0.6 ETH 2019 sales. I treat the 75 ETH cultural appraisal as useful upside context, but too high as the central mark for a non-grail work with thin current liquidity.

What Supports The Price

A valuation near the 0.6 ETH 2019 print, or even a purely cycle-led sub-40 ETH mark, would understate the later market repricing of early XCOPY SuperRare 1/1s shown in the supplied universe. Pteron has clean supply-1 provenance, a 2019 release date, canonical xcopy.art context, and enough early-XCOPY collector relevance to merit a material premium over stale primary-era sale evidence.