Does anyone have any clue why Instagram has reduced their hourly API request limit from 5000 to just 200? Is this a bug or the new normal? Do instagram partners undergo the same lowering of rate limit?
The page on rate limits in the documentation is a broken link.
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To summarize, Basically Instagram API is shutting down faster than speed of light right now. Migrate your apps to FB-instagram-API to keep your business or apps running
Yes, from what I think are updated Facebook docs.
Rate Limiting
The Instagram API uses the same rate limiting as the Graph API (200 calls per user per hour) with one exception: the /media/comments edge limits writes to 60 writes per user per hour. Please refer to the Graph API's rate limiting documentation for more information.