June 26 (Cointime) - The Shiba Inu community is taking proactive measures to protect the SHIB token from the negative effects of bankrupt exchanges. Content Marketing Specialist Lucie expressed concerns on Twitter about these exchanges selling off their assets and urged users to move their tokens to decentralized platforms.

Many SHIB holders are following this advice and recent data shows that trading activity is focused on buying, with a typical hold time of around 205 days. Decentralized exchanges (DEXs) are seen as a safer alternative to traditional exchanges and there are currently 458 DEXs with a total 24-hour trading volume of $1.74 billion.