Community means everything in crypto space, there are many people who think that shiba coin won't enter top 10 on coinmarketcap well today we did it, now that we are in bull season I'm sure more surprises is coming, shiba is more than a meme coin do your own research before judging the project, Dogecoin that was loved by the community for few years now got flipped
Of course tokens with high supply can easily place Coinmarketcap positions, as positions are taken on a capitalized basis.
If the token supply is high with little price change it will greatly affect the market capitalization. But if the number of tokens is on the exchange as a whole, will it increase the price of the token? I think that's hard to do. Price changes can be made easily if many hold tokens.