Just a few days ago HTML5 coin experienced a 51% attack, the attack apparently was almost successful. @joshuaatiemo reported about it at the time.

HTML5 Coin has been trading at the single satoshi forever. Nobody cared about it and the almost successful attack seems to prove that the coin is basically dead.

And now THIS:

Really?! The coin gets pumped like crazy rising 10 fold with several hundred bitcoins in trading volume?!

Is the market really just ignorant? Or am I missing something here?!?

Just recently @fyrstikken wrote a PSA about the vulnerability of these dying altcoins.

Of course... when I saw the news about the 51% attack I immediately liquidated my tiny position i held in HTML5. I only held it because it's hard to lose much at 1 satoshi valuation... but here I am writing this post in frustration with myself for not just holding onto this seemingly dead altcoin....

What am I missing here?!

Is there any reasonable explanation for this price move after a 51% attack almost succeeding?

edit: after posting this, i discovered this post by @flycryptoguy. The HTML5 coin team seems to have rolled out some updates that might explain the sudden spike in trading?!