Ok, former grillers (like me) will understand from the title, everyone else will have to read the article to understand:

Surprise Valuation

     The Subsocial (SUB) token was in a downtrend for quite some time, but now it has suddenly found bulls, and this growth has come at a time when Bitcoin is recovering from a bear attack. According to data from CoinGecko, SUB has gained more than 32% in value compared to BTC. This also happened when SUB’s staking/mining avenues were closed, and it was not listed on any centralised exchange, nor was it being promoted by anyone.

Alex Subsocial on X

     SUB founder Alex posted about this growth on X but later deleted it. There was some controversy over Alex’s post, in which some people called SUB a scam. Alex did not respond to these allegations, but he did clarify some serious issues. It is possible that Alex wanted to avoid controversy, but deleting the post when it was turning into a discussion seems a bit suspicious.

SUB's Social

     SUB holders are not satisfied with this price hike, as it is still well below its all-time high. The reason for the current sudden price hike is also not clear. At present, the memecoin wave may be one reason why some investors consider SUB as a memecoin, but SUB is an NPoS token that has its own significance, and it cannot be classified as a memecoin. At present, the current price hike may bring a positive change.

Originally published on Wubits