Not automatically.

Price is determined by the balance between active demand and available supply at each price level. Increasing the number of buyers can support price — but only if those buyers represent real, sustained capital and are competing for limited float.

If supply expands proportionally — through unlocks, emissions, or early investor distribution — additional buyers may simply absorb selling pressure rather than push price higher.

The more relevant question is not buyer count, but net demand relative to circulating supply and depth of liquidity. Durable price appreciation requires demand concentration that exceeds available float, supported by sufficient liquidity infrastructure to maintain orderly markets.