It is possible to have (and we have certainly had) posts that are earning too large a portion of the reward pool at any price level. @krnel's $30 post with the exact same voting would have been earning about $1500 last summer.
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but there's "overrewarded" posts that are over $100-$200+ on the trending page. That's well over last summer's $1500.
If anything we have a lot of "underrewared" posts. Trending or not.
Sounds to me like the "overrewarding" is not the problem. The reward pool is the problem and how it's set up to distribute rewards.