I've some concerns and queries, i observed that many altcoins even some major coins create fake volume, if a project is new and initially listed on a small exchange and create fake volume it's obvious understood that they're trying to get listed on coinmarketcap, but A coin which is existed in everywhere, even big exchanges but still they create fake volume on small exchanges, what this means? Why they do that? Is everything just done by exchanges or project itself, and also that makes a clear difference in prices as compared to official price of market that makes frustrated.
As far I know, exchanges creates those fake volume to show that their exchange is very active (not sure though). Even the developers of those shit coins uses those trade bots to increase the volume to show people that the coin is not a "dead" coin. Unfortunately, some newbies fall for it and by just looking at the coins volume, they think it's going to be a very good investment but ends up making a huge loss.