Why Is the SBD (STEEM Dollar) Trading at Over $1 Again?

So, we haven't seen SBD up this high since the 2017 bull run.

At that point, the driving factor was the fact that vote-selling bots on STEEM were a wildly profitable way to spend SBD, so even if you spent $2-3 for one, you could often get an ROI.

But now, that's not the case. SBD is simply a currency that is pegged to $1 worth of STEEM.

So, since its guaranteed value is $1... why the heck is it trading for upwards of $5 right now?

Is it just people with too much money, and no idea what to do with it? Seems like putting $5 into SBD is one of the few guarantees to lose money in crypto...

Whatever, if people want to pump the $1 pegged currency on a long-dead, censorship-ridden platform... I'm more than happy to take their money :-)