Does token total supply matter?

[lowandbigsupply]

https://low.supply/blog/what-token-supply-reveals-about-human-behavior

An interesting article on this topic

TLDR; Human perception of value is shaped by both scarcity and abundance. Scarce tokens feel exclusive and prestigious, while abundant tokens feel accessible but less “special.” Behavioral biases like unit bias influence how people interpret token supply, often regardless of market cap. The Supply Perception Experiment uses two identical tokens — one low supply ($LSPY), one high supply ($BSPY) — to observe these tendencies in real time.

[uneng]

Supply is only one of the important aspects to pay attention to when starting an investment, although it's worthy to highlight it's not the only factor to be noticed, because a token can still have limited supply, while not being a promising investment.

We have to keep in mind that scammers are also aware about supply and demand law, so why wouldn't they launch a scarce investment aiming to use this characteristic as marketing element to lure new investors into their scheme?

[asriloni]

TLDR; Human perception of value is shaped by both scarcity and abundance. Scarce tokens feel exclusive and prestigious, while abundant tokens feel accessible but less “special.” Behavioral biases like unit bias influence how people interpret token supply, often regardless of market cap. The Supply Perception Experiment uses two identical tokens — one low supply ($LSPY), one high supply ($BSPY) — to observe these tendencies in real time.

Not really! In crypto, it's totally depend on how valuable the project is. I tell you a token like PYR, which is a gaming token have only 50 million supply, but it's trading less than $1. Meanwhile, a coin called SUI has 10B supply, and each SUI trading for $2 each.

In the end, the thing that really matter is how big or small the demand. It's not about how big or small the supply.

[Johnlomape]

The total supply of a project has nothing to do with the external growth if the team is ready to shake the market and make it trend like other similar projects. The supply of doge coin is in billions and that does not have any effect on the project. Just like we have Bitcoin, doge coin is the father of memecoins which must have been responsible for the reason why most memecoins have so many zeros. You can choose to give any total supply to your project depending on the amounts of funds raised to shoot the price.

[JeromeTash]

It looks like you are still new to crypto or tokens in general. If not, you are just trying to spread your false narrative here.
One of the most important things to a coin/token is interest from the community brought about by it's benifits or utility advantages.
You can have a very small supply of your coins or tokens but if there is no interest, they might as well be worth zero dollars.