If I am not mistaken, Burst was playing at a 60sats price for a long period before burstnation and bitsler came into play.
And as you know, since being added to the fastest growing gambling site, price went up along with the demand, and so more people started/resumed mining burst that resulted to the supply which is much larger than the demand.
Just my thoughts.
The current price down is not because of demand and supply but due to crypto market crash down. Not only burst but all other altcoins also went down a lot. If you have invested don't sell now instead buy some more and average down your price. You will make a good profit in next few months time. If you're a long-term investor then no need to worry much about current price corrections.
it is definitely not because of the overwhelming supply
pretty sure that burstnation and Bitlser played a role in the price increase,but when the market takes an almost vertical dive
and cryptocurrencies get 13 bil wiped off their market value in a short period of time
it is pretty hard to keep the same level of price even for the most solid of coins,so the drop is only expected