The Burning

Price Rationale

The comparable and cultural appraisals correctly give the 242 ETH April 2023 exact-token sale heavy weight, reinforced by nearby late-2019 SuperRare anchors and the 196.15 ETH lower benchmark. The liquidity and USD-cycle appraisals correctly resist carrying that ETH price forward unchanged: there is no current ask, no best bid, no OTC support, no grail flag, and the same 2023 USD amount converts to about 193 ETH at the supplied snapshot. I put fair value at 212 ETH, above the USD-preserved and lower-benchmark zone but below the stale 242 ETH print, with a wide bid/ask spread for thin 1/1 execution.

What Caps The Price

A higher mark would lean too much on a single 2023 ETH print and on comparable sales that are also dated or not exact matches. The file provides no live demand, seller ask, OTC validation, or public-canon flag, and USD normalization makes 242 ETH a larger present-dollar claim than the recorded sale.

What Supports The Price

A lower mark would over-penalize liquidity and ignore that this exact token already cleared cleanly at 242 ETH after the early market period. The explicit 196.15 ETH lower candidate is weaker by design, and recent supplied XCOPY 1/1 anchors around 189-256 ETH support demand above a distressed exit level.