Shiba Inu has just been removed from two centralized exchanges, however, the project's marketing representative calls on the community not to panic and maintain confidence in the future.
- The removal of SHIB Token is not related to trading volume but stems from the operation of some exchanges.
- SHIB representatives criticize CEX platforms for their lack of transparency and exploitation of the community.
- SHIB continues to focus on developing DeFi, affirming its commitment to decentralization and user freedom.
Is the Removal of SHIB Token Due to Low Trading Volume?
Lucie – the marketing head of Shiba Inu, confirms that the token removal is not based on trading volume. She shared on social media that the two exchanges removing SHIB Token is a more manipulative move than reflecting the actual market situation. SHIB is not among the tokens with the lowest trading volume.
This indicates that decisions by some centralized exchanges are often non-transparent and may be influenced by personal goals rather than user and community interests.
What Criticisms Are Centralized Exchanges Facing?
Lucie publicly criticizes the greed and inconsistency of CEX platforms. She emphasizes that many platforms receive money to list low-quality Tokens, harming projects with strong and long-term communities. For example, once-prominent exchanges like FTX, Hotbit, WazirX have all failed to protect users or collapsed in recent years.
"I trust a few reputable exchanges, have never used the two exchanges that just removed the Token, and will never use them."
Lucie, Shiba Inu Marketing Head, 01/07/2025
This comment clearly shows a cautious attitude, prioritizing decentralized technologies over relying on unstable and non-transparent intermediary platforms.
Why Is SHIB Determined to Promote Decentralization?
According to Lucie, Shiba Inu wants to return to the roots of cryptocurrency: DeFi and user freedom. The goal is to build a simple ecosystem that makes it convenient for newcomers to participate, without being bound by complex procedures like two-factor authentication (2FA), identity verification (KYC), or other complicated steps.
"We are building DeFi so that even newcomers can access it easily without 2FA or KYC like medical procedures."
Lucie, Shiba Inu Marketing Head, 01/07/2025
SHIB encourages the community to reduce dependence on centralized exchanges and focus on using decentralized tools and platforms that provide real control to investors.
How Should SHIB and the Community Respond to This Token Removal?
Lucie calls on the SHIB Army to ignore unnecessary noise and maintain a spirit of building and developing the project. She recalls the experience of XRP, which was removed from many exchanges during legal proceedings but still recovered strongly, showing this is only a temporary challenge.
SHIB is trading slightly down 1.87% at $0.00001128, under market pressure but still showing resilience in overcoming waves.
Practical Example of Token Removal Impact
Like exchanges that removed XRP during legal proceedings, SHIB may also experience short-term price and trading impacts but will not affect long-term value if the community and ecosystem continue to maintain sustainable development.
Frequently Asked Questions
- How does SHIB removal affect users? This is a move by some exchanges and does not directly impact SHIB users' ownership or wallets.
- Will SHIB lose value long-term? With a strong community and DeFi development, SHIB has the potential to recover well after short-term fluctuations.
- Does SHIB encourage trading on centralized exchanges? SHIB prioritizes developing decentralized technology, reducing dependence on centralized exchanges.
- How can newcomers easily access SHIB? SHIB is simplifying DeFi so that everyone, including newcomers, can participate without complicated procedures.
- Are centralized exchanges still trustworthy? Lucie believes only a few exchanges are reputable, with most CEX platforms still having many risks and lacking transparency.
