Yeah definitely bro!
I completely agree with that. The volume of trades is one of the reasons why a cryptocurrency becomes more volatile because the more supply and demand there is, the more the volatility would be. Bitcoin is a prime example of this because we have seen how Bitcoin used to be so stable in its initial days where there weren't a lot of exchanges and a lot of people buying and selling Bitcoin which means the volume of trades was very low, but as soon as that volume started going up, the price of Bitcoin started moving up as well.

So undoubtedly, when there are more traders in the market trading a certain cryptocurrency, it will be more volatile because there is more demand for it than other cryptocurrencies, and this will also make its price go up since more people will be interested in buying that cryptocurrency.