Articles
Market wraps, deep dives, and set reviews from the ledger desk.
Two Championship Finals a Season Now, and OP-17's Leaders Are Entering the First One Underwater
Bandai's 26-27 season now runs two Championship Finals instead of one, starting with Europe on September 5 and North America on September 18, and all six OP-17 Super Leader alt arts are stamped SELL_WATCH heading into it.
This Card Nearly Tripled in a Week, and Our System Still Says Wait
Saint Shalria rocketed up more than 190% in seven days, but the board still won't call it a buy, and that discipline is worth understanding.
The first OP-17 weekend of real competition came and went. Nothing caught a bid.
OP-17 hit shelves on 28 August and the first big North American events ran the next day. Of the 160 OP-17 singles we track, 155 fell over that window, a median of 59.4 percent. Sealed, which had been the one exception, rolled over too.
New Page: Top Calls. See Exactly How Our Calls Are Going, Right Now
We made the calls, now you can watch them play out. One page, every open call, measured from the day we flagged it. First one up: the OP-17 presale cards we said to sell before launch are down 60 to 75 percent.
Franky finally gets a Leader. Here is what his back catalogue looked like the day before.
Bandai revealed the first Franky Leader in the game's history. We track 15 Franky products, average price $18.67 USD, median 52 cents. Here is the dated starting line, published before the outcome is known.
Every OP-17 Parallel but One Fell Less Than Its Own Base Card
On OP-17's first full day of English supply, four of five parallels gave back less of the week than their own base printing. The fifth, Shanks, went the other way. The liquidity gap explains more of it than the rarity does.
A Single OP-17 Card Just Gave Back Almost Its Entire Week
Shanks OP17-020 is down nearly 90% in seven days while two quiet uncommons quietly outperform, and the board's rarest stamp shows up on a sealed case.
Shanks and Rocks.D.Xebec Just Joined OP-17's Bleeding List
The alt-art crash we've been tracking widened today, catching a leader-tier Shanks and both Rocks.D.Xebec prints in the same sell-off that's been eating OP-17 for a week.
Kalifa Doubles in a Week and the Board Still Won't Blink
A handful of cards put up spike-of-the-year numbers, but almost none of them earned a buy stamp, and that gap is the real story.
OP-17 Lands Friday. Our Tape Says the Top Usually Arrives First.
The 4th anniversary box is up 20% through presale to A$547. The last three One Piece sets all peaked before release day, and one of them cost peak buyers more than half their money in four weeks.
The 3rd Anniversary Promos Are Repricing Three Days Before OP-17 Lands
Every English 3rd Anniversary Set single is negative on the week and five are on Sell Watch. But the drawdown is concentrated in the A$100 to A$250 band, and the set's A$500 cards barely moved.
OP-17's Alt Arts Crash Back to Earth While the Board's Buy Signals Nearly Vanish
A week that opened with 31 names flashing buy setups closed with just 3, as OP-17's hottest alt arts gave back a third to two-thirds of their launch-week value and sell watch swelled to a seven-day high before finally cooling.
Four OP-17 Sealed Products, One Week, Four Directions
The booster box bounced 18% off its pre-release low while the case fell 14% and kept its Sell Watch. That gap now makes a case 15.5% cheaper per box than buying boxes, the widest spread of the last three sets.
The Board's Real Buy Signal Wasn't the Card That Doubled This Week
Jinbe and Sabo keep stacking gains and staying on Hold, while a handful of quieter cards, including a nearly $2,800 manga rare, actually earned the Accumulate tag today.
The DON!! Tier Just Lost Its Exclusivity, and the Sealed Sets Are Winning
OP-17 puts alternate art DON!! cards into booster packs for the first time. Across 56 DON!! items on our board, the sealed sets are climbing while the loose cards from those exact same sets are down as much as 35.6% in a month.
Jinbe Nearly Doubles and Still Can't Buy Its Way Off Hold
A quiet OP05 anniversary card is up 88% this week alone, and it's not even close to our board's rarest move today.
The Board Went Risk Off Into OP-17 Launch Weekend
Buy Setup stamps fell from 31 to 3 in a single day, on the exact day English OP-17 pre-release opened. The 26 singles all dropped out. Only sealed product survived, and not one of them on price.
A Starter Deck Villain Just Earned a Rare Buy Signal While a Doubled Sabo Gets Ignored
Donquixote Doflamingo flips to a rare Buy Setup stamp today, while a Sabo alt-art that's up triple digits over the past month still can't shake its Hold tag.
Pre-Release Day: OP-17 Has 76 Singles on Our Board and Only 22 Have a Price
English pre-release events start today. We carry 76 OP-17 singles and 54 of them have never had a price. The 22 that do are backed by an average of fewer than eight sales a month.
Two Cards Nearly Doubled This Week, and Neither One Gets a Buy Signal
Jinbe and an alt-art Sabo both ripped 87%+ in seven days, but our system's overheating check is keeping both parked on HOLD.
OP-17 puts four alt-art DON!! cards in packs. Here is where the promo tier stands going in.
For four years DON!! chase cards have been earned, not pulled. OP-17 changes that. Our data shows promo-only DON!!s trading at roughly six times the median of the ones that shipped bundled with a set.
For Fun Just Went Vertical, and the Board Still Isn't Buying It
A cheap promo card tripled in a month and doubled again this week, but our system is holding the line on it, and the rest of the board is a mixed bag of quiet gainers and sharp losers.
Sorting the promo selloff: which slices are actually falling before OP-17
The losers board has worn OPPR colours for days, but the promo tier median is flat. Segmenting it shows only one slice is genuinely deflating, and the real sell-side pressure built somewhere else entirely.
![Sanji (Online Regional 2023) [Finalist]](https://eqqbnafuxciluxqemrif.supabase.co/storage/v1/object/public/mirror/e3/e3ef31a30363b06a726cfcffdfdccb279431362c.jpg)
A Promo Card Just Doubled in a Week, and the System Still Says Hold
For Fun rockets past 100% weekly gains and Sabo alt art chases it, but this week's biggest movers all share the same flat stamp: hold.
We Marked Our Own Homework: Every Call From August 3, Graded
Two weeks ago the board stamped 162 verdicts. Here is how every one of them is going, including the one that went wrong.
OP17 Adds Two New Rarities. Here Is the OP16 Baseline to Measure It Against.
OP-17 stacks a Treasure Rare and two brand new rarities above Secret Rare. Before the Japanese launch on Saturday, here is what OP16's value curve actually looks like, so we have something honest to compare against in thirty days.
OP16 Is Having a Moment, and Nearly Every Card Still Says Hold
A cluster of OP16 cards is up double to triple digits with the OP17 pre-release five days out, and the board still stamps every one of them HOLD.
The Whitebeard Crew Is Rallying Together, and the Board Still Won't Chase It
A cluster of OP16 Whitebeard Pirates cards is moving in lockstep this week, but the system keeps stamping them HOLD instead of chasing the run.
A Pair of Cheap OP07 Cards Quietly Multiplied This Month, and the Board Still Says Hold
Otama and the event card We're Going to Claim the One Piece!!! have gone from pocket change to real money in about a month, both still stuck on a HOLD stamp. Here's what the numbers actually show.
A Cheap Promo Triples Overnight, and the Board Still Won't Chase It
For Fun rocketed 330% this week and stayed a HOLD, a reminder that our system cares more about room to run than raw speed.
OP17 Sealed Is Moving Unevenly With the Pre-Release One Week Out
With The World's Strongest Warriors eight days from its Aug 21 pre-release, sealed OP17 product is telling two different stories: a steady 30-day climb from one configuration and a choppy round trip from the other.
OP17's Chase List Is Confirmed: Loki Leads a Manga-Heavy Lineup
With The World's Strongest Warriors landing August 21-28, Bandai's chase list is locked in: a new Secret Rare Loki and four Manga-style alt arts for the set's biggest names.
A Gold Luffy Rockets 205.9% in a Week, and the Board Still Says Hold
One of the priciest cards on the ledger just gained over 200% in a week, and our system still won't call it a buy. Here's why that matters.
When One Sale Rewrites the Price
Three ultra-high-value chase cards are up 211% to 414% this month on the strength of a single sale each, and the ledger still won't call them anything stronger than accumulate. Here is why thin markets get a different read.
The Board Says Hold Even When the Chart Says Fly
A gold-foil Luffy doubled in a week and our system still won't chase it, and that restraint is the real story today.
Promo Cards Are Leading the Losers Ahead of OP17
Hundreds of promo prints are sliding into the last OP16-format weekend before OP17 lands, with two Round 1 Promo staples down more than 50% in seven days.
One Piece Day Is Coming, and OP17 Sealed Already Knows It
OP17 sealed is already pricing in One Piece Day. Boxes and cases are climbing on real volume while singles sit flat, waiting for the set to actually hit shelves.
When a 206% Gain Still Doesn't Earn a Buy Signal
Monkey.D.Luffy's Gold parallel rocketed past A$18,000 this week, but our system left it exactly where it started: on HOLD.
A Whole Promo Lineup Got Cut in Half This Week
The Round 1 Promo line took a coordinated hit while a Gold Luffy up 206% still couldn't earn anything more than a HOLD.
Five OP17 Leaders Are Revealed, and OP16's Alt Arts Are Already Feeling It
With five of OP17's six leaders now confirmed and the Aug 28 launch three weeks out, four of OP16's six leader alt arts are down over the past month, two of them enough to trip a SELL WATCH stamp, a pattern the ledger has seen before every set rotation.
A $14 Card and an $18,000 Card Just Did the Same Thing
Carne tripled and a Gold Luffy doubled in the same week, yet both are stuck on HOLD, a reminder that our system cares more about the shape of a spike than the size of it.
OP17's Booster Box Is Already Up 24% Before a Single Pack Ships
OP17 doesn't release until August 28, but its booster box is already up nearly 24% this week. The set's first simultaneous EN and JP launch removes the JP head start collectors have leaned on for pricing reads before, and sealed product looks like it's adjusting early.
A Box of the New Set Gets the Green Light While Triple-Digit Singles Wait
The World's Strongest Warriors booster box climbs into ACCUMULATE territory even as a handful of triple-digit weekly spikes elsewhere stay parked on HOLD.
A Trio of Triple-Digit Spikes, and Not One Buy Signal Among Them
Three cards more than doubled this week, but the system is watching the same overheating pattern in each one and refusing to chase.
Six New Starters, Two Different Markets: What ST-31 Through ST-36 Show Four Days After Launch
The July 31 wave of six starter decks is splitting hard. Single decks are down as much as 41% since launch while the sealed displays they came out of are flat or climbing. Here is what that divergence is telling us.
A Five-Figure Uta Keeps Climbing, and the System Still Won't Chase It
A Treasure Cup Uta cracks A$12,800 with a 51% weekly pop, but the discipline that's kept the sell list honest all year says hold, not buy.
OP17 Confirms Manga Rare Yonko: What It Could Mean for the Originals
OP17 brings Manga Rare treatment to all four original Yonko for the game's 4th anniversary. We checked what that's doing, and not doing, to the OP01 and OP02 cards that already carry those same characters.
I bought two cards on our own buy calls. They tanked. Here's everything we changed.
The founder followed the Ledger's stamps into two tournament promos and lost. Instead of quietly fixing it, here is the full autopsy — and the new band-aware playbook it produced.
Treasure Cups Go Fully Offline: Reading OP16's Leaders Before the August Weekend
Treasure Cups drop online play entirely this season, right as OP16's alt-art leaders show a synchronized pre-rotation slide. Here's what the numbers say before four cups land in Oklahoma City, Calgary, Santiago, and Zagreb.
A Law Upgrade Leads a Quiet Reshuffle Across the Board Today
Trafalgar Law's OP05-027 print earns a fresh ACCUMULATE stamp on a steady climb, while the sell list picks up a few new names elsewhere.
A 116% Weekly Spike Still Couldn't Buy Its Way Onto the Buy List
Today's biggest single day mover jumped over 100% in a week and is still sitting on hold, a clean look at how the system tells a hot card from an overheated one.
A Serial-Numbered Ace Just Cracked A$14K, and the Sell List Got Shorter Today
A rare serial-numbered Ace headlines a wild gainers list, while a quiet wave of SELL_WATCH cards flipping back to HOLD might be the more telling story.
Drum Kingdom Just Put Up a 414% Week, and the System Still Won't Chase It
A finalist card set more than quintupled in seven days, joining a run of promo and regional cards posting triple-digit weekly gains, while the system's overheating check keeps most of them on ACCUMULATE rather than a full green light.
Six Leaders, One Release Day: Early Pricing on the ST-31 to ST-36 Starter Wave
Bandai ships six starter decks on the same day for the first time in the game's history, and pre-release pricing already shows a clear split. We stacked all six against the last decade of starters we track to see where early demand is landing before a single deck hits shelves.
A Championship Finalist Set Just Jumped Over 400% in a Week, and the System Still Says Hold It
Drum Kingdom's finalist card set went vertical this week while a Round 1 Promo Sanji tipped into sell territory, a reminder that big and buy are not always the same call.
What the Last Round1 Promo Run Is Worth Now, and What It Means for This One
One Piece and Round1 are three weeks into a new US-Japan collab with ten capped promo cards on offer through October 17. We looked at what happened to the last Round1 promo run from 2022, and four years of pricing data is a useful reference point.
A Regional-Winner Rebecca Just Jumped 321% in a Week, and the System Still Says Buy
One ultra-rare tournament prize card headlines a day full of accumulate signals, while Trafalgar Law's Pirate Foil keeps sliding on sell watch.
Six Starter Decks Land July 31: What Reprint History Says About ST-31 to ST-36
Luffy, Zoro, Kuzan, Katakuri, Sabo, and Kid all get new starter decks this week. Past reprint waves for these same leaders show a consistent pattern worth knowing before day one.
Before Gen Con: Where OP16's Alt-Art Leaders Actually Stand
Gen Con's Regional and Treasure Cup open July 30 in Indianapolis, the biggest NA event of the new season. Here's where OP16's leader alt-arts sit heading in, and what tournament results have historically done to the cards tied to them.
![Crocodile (Offline Regional 2023) [Finalist]](https://eqqbnafuxciluxqemrif.supabase.co/storage/v1/object/public/mirror/8f/8f2b85ea6807a8334be76a6e74dd7db3e5c611bc.jpg)
A Serial-Numbered Ace Triples in a Month, and the System Isn't Backing Off
Portgas.D.Ace's serial-numbered promo rocketed past A$14K this week, while a handful of mid-tier singles quietly flip stamps in both directions.
Crocodile's 2023 Finalist Foil Is Still Climbing: Up 63% and Counting
A three-year-old Regional finalist print just posted its best week yet, and the system's ACCUMULATE flag says there's more room before this one's done. Plus: what to watch as the Indianapolis Regional and OP-17 launch approach.
A 2023 Finalist Foil Just Nearly Doubled in a Month, and the System Isn't Done Buying
Crocodile's Offline Regional 2023 finalist card is up 63.6% this week and 96.6% over the month, and it's one of the rare cards our system is still flagging as a buy.
Perona Rockets 66% in a Week, and the System Still Says Hold Your Horses
Wano's ghost girl doubled her month, but our board isn't chasing the pump. Here's what's actually earning ACCUMULATE stamps today.
One Card, Two Otamas: Best Selection Vol. 6 Craters While OP07 Keeps Climbing
The same character just had two completely different weeks, one printing of Otama is down more than half its value, while another is up 126% and still just a HOLD.
Otama and Perona Headline a Wano Rally the System Still Won't Chase
Two Wano alt-arts are up triple digits this month, but neither one earned an ACCUMULATE stamp, here's why the system is treating the week's hottest names with a raised eyebrow.
Roger's Manga Rare Nears Five Figures While the System Says "Wait" on the Week's Biggest Gainer
A vintage Gol D. Roger manga rare pushed toward eight grand overnight, but the single biggest percentage mover of the day, Otama, still can't shake its HOLD tag.
When SELL WATCH Hits the Vintage Shelf
A wave of sell signals reached deep into the pricier end of the catalog today, while one Judge Pack chase rare kept sliding and a surprise ACCUMULATE flip stood out from the wreckage.
Up 123% in a Week: and Still Just a HOLD
King's alt art rocketed nearly five-fold in a month, but our system won't call it a buy, here's why that discipline matters more than the headline number.
Treasure Cup Weekend Watchlist: The OP16 Meta Is on Sale
Wolverhampton and Sao Paulo host Treasure Cups this Sunday, and they arrive with OP16's tournament staples deep in post-release discount territory. Here is what we are watching before, during, and after the results roll in.
Judge Pack Chopper Craters 35% as Chase Rares Keep Climbing
A brutal week for tournament promo singles saw one Judge Pack Chopper shed over a third of its value, while at the very top of the market, the manga-rare Luffy and Roger nearly doubled.
King's Coronation, Hancock's Ascension: The Ledger for July 15
A wave of ACCUMULATE stamps swept through Boa Hancock's entire print run this week while King quietly became the set's most explosive riser, up over 100% in seven days.