OK, so this goes back to another thread that's already started on this subject. From what I can see, the current owner of the license to the original recording has released a sped up version of this song.
I doubt the artists had anything to do with this. A couple members of the band are dead. I'm only aware of maybe one original member being a part of the current band. The label just took the master tape, sped up certain tracks and then remixed it to the original length. So I doubt it's for TikTok, since this version is 4 minutes. Too long for Tik Tok.
Here is an earlier thread on the same subject:
And here is my original thread on this subject from March:
https://www.radiodiscussions.com/threads/labels-speed-up-songs.761469/
The article in the OP of my thread talks about why this is happening and who is doing it. Yes record labels see this as a way to reinvigorate their catalog and make some money.