What is the impact of a high token supply on its price?

Question: What is the impact of a high token supply on its price?

A high token supply can significantly impact its price, primarily through the principles of supply and demand:

- Lower Prices: When the supply of a token is abundant and demand doesn't match, its price tends to decrease due to oversaturation.

- Market Sentiment: Excessive supply can lead to reduced investor confidence, as scarcity often drives value in the crypto market.

- Utility and Adoption: If the token has strong utility and widespread adoption, it may counteract the effects of high supply by maintaining or increasing demand.

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