Shiba Inu Exec Breaks Silence on Token Delisting FUD

Lucie, the Shiba Inu (SHIB) marketing lead, has addressed fear, uncertainty and doubt (FUD) surrounding token delisting by some cryptocurrency exchanges. In a post on X addressed to the SHIB Army, Lucie called on community members to avoid panic over the incident.

SHIB exec insists delisting not about volume

According to the Shiba Inu exec, members of the community do not need to panic over the delisting of the token by two centralized exchanges, which were not named. She claimed that the exchanges were being manipulative, hence the token was delisted.

Lucie pointed out that, in terms of performance, the delisted token was not among the lowest in terms of trading volume on the unnamed exchanges. She highlighted this as one of the disadvantages of centralized exchanges (CEXes).

The Shiba Inu marketing executive criticized some CEXes for being greedy, inconsistent and unreliable. She alleged that some CEXes require payments to list tokens and, in the process, promote low-quality, short-term projects.

Lucie noted that such exchanges do not stand the test of time due to their unreliability. She cited FTX, Hotbit and WazirX as examples of exchanges that initially appeared solid but ultimately collapsed or failed to protect users in the crypto space.

SHIB Army urged to embrace DeFi

The Shiba Inu marketing executive urged users to rely less on centralized platforms, stating, "This is about real financial freedom, not centralized control."

In her view, the SHIB Army should only use "good" exchanges when necessary for swapping and not long-term dependency. Lucie supports the DeFi movement and advocates for simplifying DEX platforms to make them more user-friendly for beginners.

The SHIB advocate urged the community to stay focused on building and ignore the noise, as delisting was just meant to serve as a distraction. She highlighted that even XRP faced delisting in the midst of its legal battle but emerged intact.

As of press time, Shiba Inu was trading down by 1.87% at $0.00001128 over the last 24 hours. This suggests that the meme coin is still facing fluctuations and downward pressure as it struggles to remain in the top 20 ranked crypto assets.