See the brilliant part about Lemmy, and the fediverse in general, is that you can create an account on a different instance to get away from bogus moderation and still have access to the federated content you saw before; in short, you can switch platforms without switching platforms. This was one of the things that attracted me to Lemmy in the first place -- it's not just another Reddit clone that will enshittify the same way Reddit did in a couple years once the people who moved to it get complacent. The cost of switching platforms here is effectively zero.
Shitty moderation is on every platform is specially up an coming like lemmy, if one should leave a platform is for the lack of moderation.
Moderation means people care, even though I am quite against it. I believe that a platform with no moderation would be illegal because pedos and other kinds of psycos exist, however other than that, everything in the legal realm or greyish ( piracy and stuff ) should roam free even if it's something perverse or completely stupid there is a downvote button for that, I don't remember the last time I used it.
Anyways for me the last straw was the api change that back stab on developers left me with a real sour taste in my mouth.