Coinmarketcap is the real reason why so many new projects devs are misleaded, they go to CMC and pick from the top rated exchanges to list their tokens because CMC gives all bad exchanges good rating, that's very misleading
Maybe now that Binance CZ is about to take over, new projects developers will start making the right decision about those Exchanges
You know mate, I think those legit project team members are not stupid to easily believe with those fake data and information from CMC. I believe that they know it already but they are just pretending and just ride with the flow. Because thats how the data and market insight listing works from those cryptocurrency data providers like CMC, CoinGecko, etc most of the data is manipulated like volumes, price, etc. so it is normal. but I also believe that there is an exception with those legitimate and fully compliant projects and cryptocurrency exchanges.