This is correct. This type of inflation is not sustainable and the decrease in price that is happening right now is also expected. People who bought early and stake a lot in its first week made a lot of money out of it. They are probably selling all of their coins now and getting any profit they can take out of these prices. This will definitely go down to 1 sat.

Actually, I'm amazed to those who are still buying this coin. Without any plans in the future, the price will just go down.