CoinGecko is presenting a realistic view of BitBay.
Circulating Supply: ? / 1,029,153,366
Market Cap: ?
Market Cap Dominance: 0.00%
Market Cap Rank: #4937
The only people I see presenting a grossly exaggerated market cap are members of the BitBay community.
For example:
I notice, however, that BAY receives the same treatment at the hands of CoinGecko. Where it should be listed at 38-39 or so, it is reported as occupying position
4271!!

Something smells decidedly fishy....
Wishful thinking
Actually, CoinGecko is not doing that because of the supply, they are doing it because of low liquidity and not enough exchanges and volume to justify the high ranking. They would list circulating supply as normal except they are doing this due to low liquidity levels. Also they didn't feel like the volume of Latoken was genuine.