Are you part of the Shiba Inu (SHIB) or Dogecoin (DOGE) community and feeling frustrated with Crypto.com? You're not alone. There's been growing discontent, and here's why.

Why the Dogecoin and Shiba Inu Communities Are Unhappy with Crypto.com

Recently, Crypto.com announced it will stop offering rewards on Dogecoin and Shiba Inu, two of the most popular memecoins. This decision has sparked significant backlash from their respective communities. Considering Crypto.com is a major platform for crypto trading, this move feels like a betrayal to many loyal users.

The frustration is compounded by the current market conditions. Dogecoin (DOGE) and Shiba Inu (SHIB) prices continue to edge down on Monday after falling more than 10% the previous day. The recent downturn has liquidated over... Sentiment is already fragile. Dogecoin, Shiba Inu, and PEPE have all crashed today, sparking a bearish sentiment for the foremost meme coins. This price crash occurred following Donald Trump’s tariff. For many, the removal of rewards feels like kicking them while they're down.

The Impact of Crypto.com's Decision

Removing rewards can lead to a few key issues:

• Reduced Holding Incentives: Rewards encourage users to hold onto their tokens. Without them, some may be more inclined to sell, contributing to price volatility.
• Loss of Community Trust: The Shiba Inu and Dogecoin communities are built on strong belief and participation. This decision damages trust in Crypto.com.
• Shift to Other Platforms: Users may choose to move their holdings to other platforms that still offer rewards or provide better support for these memecoins.

Current Market Performance of DOGE and SHIB

After a market-wide downturn that saw Dogecoin fall over 73%, Dogecoin is now consolidating after breaking out of a descending trendline. Shiba Inu is also down 69%. This already precarious situation is further complicated by negative sentiment surrounding platforms like Crypto.com.

Is Meme Fatigue Setting In?

While Shiba Inu struggles at about $0. and Dogecoin sees limited boosts at $0.36, many traders sense meme fatigue. Every week brings new viral tokens, which means that both the Dogecoin and Shiba Inu communities need as much support as they can get.

The ongoing situation highlights the importance of community support and the potential consequences when platforms make decisions that negatively impact their users. As Dogecoin (DOGE) and Shiba Inu (SHIB) fell on Tuesday after Crypto.com said it will stop offering rewards on the two most popular memecoins, it remains to be seen if Crypto.com will reconsider its policy or if users will seek alternative platforms.