Since Coinmarketcap added Liquidity to its indicators, you can see a lot of tokens with enormous daily volumes have no liquidity at all. Is it even worth to invest in this kind of tokens? Does that mean that most of the volumes are fake? Thanks for the answers.
It depends on the project itself. In fact, although this is not the case we face every day, liquidity may drop due to some unexpected problems. It is worth a try if you come across a project like this. But usually liquidity is the best indicator of demand and supply, and when it is low, there is no demand. Always be careful with undesirable projects, as you are more likely to lose.