Yeah the Liquidity is good and on multiple exchanges. Some of these projects are dying..... getting delisted from exchanges and then have no trade volume. The situation is hard to come out of because then people just turn away from it and they have a hard time getting listed again because it costs so much to get on these exchanges.....etc.
There is still a lot of activity here and it becomes more about timing and being able to level up enough to have relatively high influence here.
People will go for it because even if we hit an equilibrium point in the long tail deep pockets will show up to multiply their crypto instead of being stuck in a long tail of another crypto that isn't earning anything.