I think supply doesn’t matter for a good project which they have larger investors community. For a meme coin there is billions supply so that's why there gone to death quickly. But low supply good support for price rising. Even if they have million investors planal then supply not matter for price.
supply still matters though despite high demand, simply because there have been history of coin getting massive correction because the vesting is about to unlock thats alone already good sign that total supply does matter a lot.