Or, the exchange fakes the trading volume of random coins so that the exchange itself ranks higher and attract more users
Another point worth mentioning is that the AXE team can also trade with bots that sell each other coins. Some exchanges delist coins with too little trading volume after a certain time, so this can be avoided. To be honest, I don't think so in this case.
AXE itself doesn't have an active community right now,it looks dead..
From a project perspective, the coin is definitely not dead, no. I checked their
Github profile, there are regular commits, even if only from 3 different people. So it's definitely not a big project in the sense of Cardano or Ethereum where hundreds of developers work on the codebase at the same time. However, the last release of their Ace Electrum client was at May 1st:
But from a community point of view I have to agree with you. Reddit has hardly any posts, the tweets almost no retweets or likes.