https://lemm.ee/post/65824884 for details.
Moderators interested in migrating to a new community on another instance might want to consider selecting an instance and doing so sooner rather than later so that users here have time to see a migration post here and subscribe to the new community.
The sole moderator here, @gandolfini_the_grey@lemm.ee, last commented/posted a month ago. I've no idea how closely he's monitoring the situation, but it's possible that if he doesn't log in for the next three weeks, he might not notice what's going on until after the instance has gone down.
If that happens, then he won't have a great way to point to any new community. Maybe monitor !newcommunities@lemmy.world or !communitypromo@lemmy.ca, and he could post an announcement there?