A trading competition is happening at a local exchange in my country. The exchange is a trusted and established one and I have zero doubt about the $SHIB tokens I can receive as a reward in my Shiba Inu exchange wallet. I have been using this exchange since 2018 without any major issues, so you can understand the amount of confidence I have in them.
It’s not about the confidence you have in them. A lot of people had confidence on FTX and other top known exchanges that later crashed. If you don’t mind, just leave what you can afford to lose in that exchange and move the rest out to a personal wallet because that’ll be the best for you to have full custody of your money.
I mostly invest in Bitcoin, and sometimes in important altcoins. However, I don't believe in the concept of meme coins and don't pursue them. I'm interested in knowing whether I should continue holding onto my current tokens until the next bull run, or if I should sell them to buy Bitcoin or other altcoins. I would appreciate a piece of good advice from the community.
Meme coins are not dependable on seriously and if I am in your position, I would sell at least 90% of the Shiba Inu coins and buy some more stable altcoins or bitcoins because that will be safer for you to have a profitable investment later during the bull run. Any gambling you want to do with your coin should be something you can contain when the risk of it retaliates into the wrong side. Invest wisely!