Hatehole

Price Rationale

Hatehole is best anchored to its clean exact-token 10 ETH last/highest onchain sale from 2020-02-15 and the supplied nearest peer, Don't Scroll, which also has a 10 ETH 2020 onchain sale. Those two marks keep the work in the high-single-digit to low-double-digit ETH neighborhood, while the lack of current ask, current best bid, OTC record, recent exact-token liquidity, or grail flag argues for a modest haircut from carrying the stale 10 ETH print at full strength. I therefore set fair value at 9 ETH, with a 6.5 ETH fair bid and 12.5 ETH fair ask to reflect negotiation spread in a thin but meaningful early XCOPY 1/1 market.

What Caps The Price

The 34 ETH cultural-canon view is an overshoot on the supplied evidence: Hatehole is explicitly non-grail, has no live ask or bid, no OTC support, no recent sale, and only one explicit peer, which sits at the same 10 ETH level rather than above it. Higher XCOPY one-of-one outliers in the universe appear to be stronger flagship, grail, recent, or idiosyncratic works and should not mechanically reprice this token.

What Supports The Price

A lower fair value would underweight the exact-token history and the reviewed peer benchmark. Hatehole is a supply-1 SuperRare XCOPY work from 2019 with two clean onchain sales, including a 10 ETH resale before the 2021 peak cycle, and Don't Scroll independently reinforces that same 10 ETH neighborhood. Thin visible liquidity justifies a haircut and wide bid/ask spread, not a collapse below the high-single-digit range.