If you were to protest Piggly-Wiggly grocery store, you would do so by not going there and not by tampering their products or blocking people from entering the store. And your second argument can be turned around to the actual reddit protest itself, like you said reddit is not important so it is equally unimportant, technically speaking, what they are charging for their API. Fact however is, people use reddit, so we are back at the beginning. Protest is fine, put to punish users who still want to use reddit is not.

Who are you protesting? The users of reddit or reddit? You are here and I am here, we are protesting reddit with our actual feet so to speak. The ones who want to stay behind, that is their right and who are we to punish them?

I know what Reddit is doing. What I'm saying is that the users and the community in many of the subreddits are not to blame and should not be blamed or punished by users who decided they no longer want any part or reddit.

That would be unfair to the people who stayed behind and want to stay with reddit.

Maybe, but also the mods perhaps saw that the only ones getting punished were the community, so they reopened and gave those subs back to the users.