It's back to square one if you are holding a coin or token for long term and finally altcoin season comes and the token or coin surge in value but has no trading volume on exchange, all your efforts and pain while holding is total waste, do not hold tokens or coins that have no demands, real use cases are what makes them very demanding
Maybe that coin is already dead by now, or someone hoard to much number of units of that. But I think it is already because it is deas by now. Whether the coin is still circulating even it has a low price , you may see the volume on it, it strange that your coin has no volume in the market, sooner or later I think it will be delisted tol in the market.
Now many tokens like that have been on the market for a long time but the volume on the exchange did not exist, surely it will eventually disappear in the market because it will be deleted on the grounds that the daily trading volume is inadequate.
I will not hold a token with a low volume because it is risky that someday the altcoin season will dump again and it will have no value.
but you also have to be careful, although it has a large volume sometimes it is manipulated, of course all of that will be selected by nature, and in the end they will be kicked by the market. because we all know that crypto is prone to manipulation, not just coins, even ordinary markets or new markets that currently have a larger volume than binance.