TLDR
Nearly 70% of all cryptocurrency volume displayed on CoinMarketCap is fake, according to research done by Alameda Research. In reality, all of the trades actually happen, but most of them are just moving funds from the right pocket to the left; exchanges trading with themselves to create the illusion of liquidity. This is called wash trading, and the reason for it is simple: nobody wants to trade on illiquid small exchanges, so they create fake volumes to survive and attract users. Bitcoin Cash was created in a similar way as Bitcoin Classic - by a group of people not in agreement over the way of the main chain development.via the TL;DR App
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