TRUTH or POWER

Price Rationale

Comparable and canon appraisals at 115-120 ETH correctly give weight to a December 2019 SuperRare XCOPY 1/1, but they lean too far on broader same-artist universe anchors because this token has no supplied candidate benchmarks. The liquidity and USD-cycle appraisals at 70 ETH better price the lack of executable demand, yet understate the collector floor implied by early XCOPY 1/1 scarcity and later non-grail sales. I place fair value at **95 ETH**, with **65 ETH** as a serious bid and **135 ETH** as a patient ask. The 2019 exact sale at 4 ETH is provenance only; no current ask, bid, OTC sale, or grail flag supports a higher conviction mark.

What Caps The Price

Going higher would need evidence that the work belongs with 150-250 ETH recent or culturally marked anchors. The source packet shows **zero candidate benchmarks**, no post-2019 resale, no live bid, no ask, no OTC sale, and no grail flag. The 115-120 ETH appraisals are plausible collector views, but a final mark should discount thin price discovery.

What Supports The Price

Going lower would make the liquidity and cycle views too dominant. The 4 ETH sale was a 2019 primary-era transaction and should not cap a 2026 valuation for an early SuperRare XCOPY 1/1. The wider supplied universe includes non-grail sales materially above 70 ETH, so a sub-70 fair value would likely understate scarce-artist demand.