Bitcoin Protestors #1/1

Price Rationale

I give the most weight to liquidity and comparable-sales evidence, with a modest cultural adjustment. The exact token has no supplied sale, ask, bid, or OTC record, so the same-series Hayden Adams 0.001 ETH print is treated as thin context rather than a clearing benchmark. Clean lower-vintage XCOPY 1/1 anchors around 4.5-8.5 ETH, plus the supplied ETH/USD snapshot, support a fair value above pure exit bids but below trophy territory. The cultural appraisal is directionally useful because the work has 2020 provenance and crypto-native subject matter, yet its 11.5 ETH mark overreaches without a grail flag or demand signal.

What Caps The Price

Higher asks need visible demand that is absent here: no current bid, no listing, no exact-token sale, no OTC record, and no grail flag. The audit anomaly and context-only same-series dust sale are real cautions. Stronger XCOPY 1/1 prints in the packet are cleaner, more demanded, or publicly canonical, so importing their levels would overstate this token's current market support.

What Supports The Price

Lower would treat illiquidity as impaired value. The token remains a supply-1 XCOPY from December 2020 with canonical artist-site recognition, and several non-grail period comparables clear in the mid-single-digit ETH range. The Hayden Adams print is too anomalous and context-only to drag fair value toward dust without corroborating bid, ask, or sale evidence.