Let’s talk tokenomics:
Circulating supply refers to the number of tokens currently available for free trading on the market. Tokens that are still locked up and haven’t been released aren’t included in the circulating supply.
Whether a token has real utility and demand matters more than its total supply. A burn mechanism only affects the supply side.
$ETH 2440.36(-2.93%)

Just my personal opinion—please consider it rationally.