Yes. Could be a mad rush to dump ammo. It would serve some people right to sustain a loss after outrageous price gouging. However, I think the supply will gradually increase and prices will slowly decline. There’s still a lot of pent-up demand for some calibers of ammo, specifically 9mm and .22lr.
Personally I’ve been waiting for .223 and .308 to come down ... just ordered 1,000 rds of .223. Paid too much, but I’m running low and wanted it so I could take the kids shooting.