D I S O R D E R

Price Rationale

Comparable and cultural views rightly anchor near the clean exact-token sales at 202 ETH in 2022 and 196.15 ETH in 2023, while the liquidity and USD-cycle views correctly discount those marks for staleness. I place fair value at 185 ETH, below the last exact sale but above a forced-exit level, because no current ask, no current best bid, no OTC sale, and no grail flag weaken execution confidence. The sole supplied benchmark is a stronger upper anchor, The Burning at 242 ETH, so the ask stays below that bracket while allowing scarcity and CuratedVault-held provenance to support a wide spread.

What Caps The Price

Pricing materially higher would lean too much on the 2022-2023 peak and post-peak prints without a live order book. The token has no listed ask, no visible bid, no OTC confirmation, and is not flagged as a grail. A value near or above 220 ETH would start competing with The Burning at 242 ETH, which the packet labels the stronger benchmark.

What Supports The Price

A lower valuation would overreact to illiquidity and ignore two clean exact-token sales clustered around 200 ETH, including the 196.15 ETH sale into CuratedVault in 2023. The USD-cycle appraisal's caution is useful, but the 2023 sale was already below the 2022 USD regime. The packet also shows nearby 2026 and mid-tier XCOPY evidence around 189-200 ETH.