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.
Yes it is true, that holding tokens with low volumes is more risky and it could ultimately end up costing us and I personally would prefer to invest in top coins rather than coins with low volumes because I personally do not want to taking too much risk which could later be bad for me and I prefer to play it safe.