Dogecoin, Shiba Inu Are Getting Hammered Thursday: So What's Up?

Dogecoin DOGE/USD and Shiba Inu SHIB/USD are trading lower by 5.55% to the $0.082-level and lower by 7.12% to the $0.000012-level Thursday afternoon. Weakness in the meme cryptos may be due to a sympathy move lower with apex-crypto Bitcoin and second-largest market cap crypto Ethereum and in potential reaction to Robinhood Markets Inc fourth-quarter earnings, in which it reported a 24% decrease in crypto transaction-based revenues.

A Coindesk report suggesting Kraken agreed to shutter crypto-staking operations to settle SEC charges could also be impacting crypto prices.

See Also: What's Going On With Robinhood Stock? and If You Invested $100 In Dogecoin When Musk Was Sued For Alleged Crypto Pyramid Scheme, Here's How Much You'd Have Now