Though the volume is low, it doesn't mean anything has failed just yet. Besides, there shouldn't be a huge jump in price just because a new exchange launched.
Gemini, the most highly anticipated, most secure and legitimate exchange, with market manipulation proscribed by strictly-enforced regulations, an exchange with reasonable fees, easily funded via legit US banks ... if this exchange has no volume, what does it tell you about the volume of Slovenian/Moldavian/Shanghai/jhkjhk exchanges? Those volumes are 100% real and super legit, right?