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There are people willing to pay more for it. It is a good demo weapon and deserves to have a price bump, but still needs to keeps its range.
http://www.tf2outpost.com/trade/6750899 selling for 1 rec
http://www.tf2outpost.com/trade/12358097 person willing to pay for 1 rec
http://www.tf2outpost.com/trade/9569721 person paying 1 ref (seems like an outlier though)
http://www.tf2outpost.com/trade/9885091 multiple people offering for 2 scrap
http://www.tf2outpost.com/trade/11318578 person paying 0.44
For such a common item you'll need more than 5 links.
first link is a month old
second one has no set price. buyer seems to have made an initial offer higher than he needed to
fifth link from 2 weeks ago
there are just so many sellers below 0.33 that I don't think I agree with this.
and by the way, selling =/= sold, first link unnecessary
More proof is needed, not that you are necessarily wrong, but more links are needed.
More proof..
Old links, .22 is still in range.
As others pointed out, this item is so common we would need more than 5 links, 4 of which are unhelpful.
Please take a closer look at the site rules before making your next suggestion; http://backpack.tf/vote?showrules=1