"Uncommon sat" purchased for 2 ETH

[nutildah]

youe own post gave the descriptor of "uncommon"
yet the example you then gave was not uncommon

Read the location of the sat in the Ordinals explorer. Its the tx hash of the UTXO in the address of the Emblem Vault.

As I mentioned previously its the first sat that was mined in block 781,463. To track where it goes, you just need to follow the first output each time it is spent, as sats move on a First In, First Out basis per Ordinals Theory.

Let's follow the sat from the block from which it was mined, with the output destination for each tx:

https://www.blockchair.com/bitcoin/transaction/1d6cee0a930e327eacf74fae751613665091f5ecead34317510593c861e446cd - 1CK6KHY6MHgYvmRQ4PAafKYDrg1ejbH1cE (block reward)
to
https://blockchair.com/bitcoin/transaction/3d8bf3ff4137ba65da395e9d545eb53c230b58411f4289a3c2a037f2c64fa20b - 128tAax78tCkzGfHoQETPFiLRJV2RkB2og
to
https://blockchair.com/bitcoin/transaction/3d8bf3ff4137ba65da395e9d545eb53c230b58411f4289a3c2a037f2c64fa20b - 1GQdrgqAbkeEPUef1UpiTc4X1mUHMcyuGW
to
https://blockchair.com/bitcoin/transaction/070812ee9cb49356b352eb760316872198a44b8f38e42ac66afef72ef946b4dd - 3M4B3JtH3dhWV3Ytoh6XzDrxeaSWtvaBnJ
to
https://blockchair.com/bitcoin/transaction/03737c93d2996ebac8a5ba0a204df21ab430ca7cb4644144eeb6f11d19935de2 - 14UuoFXK89DEFqpAW9iYJ51o2N9PUFAVW5
to
https://blockchair.com/bitcoin/transaction/8600a593c41e07154518fb6c317d4a9731cef88e308f2416fcd9cc6edc997e2c - bc1qm34lsc65zpw79lxes69zkqmk6ee3ewf0j77s3h
to
https://blockchair.com/bitcoin/transaction/91eaa622721b52b16e8562c254c4401d0f04f73377dbb5ec4c073d22ea4e540e - bc1q3mcjmlgwvl422c5q73a97rqk0yf46z7eyvnnxn
to
https://blockchair.com/bitcoin/transaction/87d946b8dcdd66aefa40fca3e53d1aa799b378e8c9eaac72fcc552a636515495 - bc1pzp0jt8ugvhwspz7m69aler76pjhupxq3hhp9nw66xk2w5crgpheqvr47k4
to
https://blockchair.com/bitcoin/transaction/137fae16b5f47754ce4007d2ff5f251671f4c4485c57408390dfd0344a272311 - 1LmRqGW1vFzkNKqKShMN5FZwvi19xvwJKJ (current location)

[1714994090]

1714994090

[1714994090]

1714994090

[nutildah]

Another "Uncommon Sat" was purchased on OpenSea today, this time for 1 ETH.

A big difference is this one is the first sat of block #474717, which was mined in July 2017.

This is kind of an interesting infographic which the poster assigned as the image to their Emblem Vault NFT:



It is admittedly weird to me that ordering sats in the manner of Ordinals has created a value proposition out of thin air, but what matters more than my personal opinion is whether or not the broader market will decide "uncommon" and "rare" sats and so forth are legitimate collector's items.

[dragonvslinux]

Another "Uncommon Sat" was purchased on OpenSea today, this time for 1 ETH.

A big difference is this one is the first sat of block #474717, which was mined in July 2017.

This is now the 5th "Uncommon Sat" purchased for 1 ETH in the past 24 hours as far as I can tell. Still another 5 available out of a theoretical total of over 786,380. I wonder at what point miners are going to start isolating their block rewards in order to start selling these sats. So far whether it's been a sat from 2016 or 2022 the value remains the same, available or bought.

Given how many uncommon sats there actually are, it'll be interesting to see what someone pays for a "rare sat". There are only 390 of them so far, so if people are paying 1 ETH for a sat that is 1 of 786,380, will they be paying 2000x more for a rare one? I doubt it as that sounds insane, I think more like someone would pay 50/100 ETH, and these "Uncommon Sats" eventually become worth 0.05 ETH, 0.1 ETH or less.

I say this as these "rare sats" as they are actually very rare compared to "uncommon sats", if you're into that sort of collectable. 1 of 390 is 2000x more rare than 1 of 786,380.

Just my take on it anyway. A "rare sat" auction would actually be quite interesting to see play out imo.