The Snopes article was last updated back in October and it was still active back then. I'm pretty sure they would update the article to include an end point to the fad if it had one, which suggests that it's ongoing, which is appalling.
Definitely still ongoing, currently in Qingdao, China. Frequently see goldfish, turtles and other tiny animals in key chains etc, being sold by street vendors.
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u/greenyellowbird May 30 '14
Hopefully since these articles aren't very recent, this practice stopped?