Husky Inu Prepares for Next Price Adjustment
Husky Inu (HINU) is on the cusp of another price increase within its pre-launch phase. The token's value is scheduled to transition from $0.00023567 to $0.00023658. This pre-launch phase commenced on April 1, 2025, following the successful conclusion of the project's presale event.
Concurrently, the broader cryptocurrency market experienced a downturn after a short-lived rebound. This retreat occurred as traders liquidated their positions in the wake of the Federal Reserve's latest interest rate announcement. Liquidations surpassed the $500 million mark, indicating persistent fear in the market sentiment, even though the rate cut was largely anticipated.
Husky Inu's Strategic Price Increases
Husky Inu (HINU) is poised for its next scheduled price increment during the pre-launch phase, which is expected in less than 18 hours. This adjustment will elevate the HINU token's price from $0.00023567 to $0.00023658. These regular price increases are an integral part of Husky Inu's pre-launch strategy, initiated on April 1. The objective of these increments is to sustain fundraising efforts while simultaneously benefiting existing token holders and the wider community. The overarching goals of the pre-launch phase include securing essential capital, facilitating platform development, executing strategic marketing initiatives, and fostering the expansion of the project's ecosystem.
Despite these efforts, the project is encountering challenges in its fundraising endeavors due to prevailing weak market sentiment. Even a market recovery and Bitcoin's (BTC) resurgence above $90,000 have not significantly boosted market activity, with many investors adopting a cautious wait-and-see approach. Nevertheless, Husky Inu has successfully raised $905,549 and remains on course to achieve its fundraising target of $1.2 million. The project surpassed the $750,000 milestone on May 16, followed by the $800,000 milestone on June 15. In July, the project reached the $850,000 mark, and by October, it had crossed the $900,000 threshold.
Project Launch Timeline
The official launch date for the project is currently projected to be less than four months away. However, the development team has indicated that the launch date could be subject to adjustment, potentially being moved to an earlier or later time. A series of review meetings are planned to finalize the project's launch date. The initial two review sessions took place on July 1, 2025, and October 1, 2025, with the third scheduled for January 1, 2026.
Market Downturn Despite Interest Rate Cut
The cryptocurrency market experienced significant volatility on Wednesday, undoing most of the gains that had materialized during a brief period of recovery following an interest rate cut. The total cryptocurrency market capitalization has decreased by nearly 3%, with major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), along with numerous altcoins, trading in negative territory. Smaller tokens, including Uniswap (UNI) and Polkadot (DOT), have seen even more substantial declines. UNI has fallen by almost 5% in the last 24 hours, while DOT has dropped by 6%. Derivatives data indicates that liquidations exceeded $515 million over the same 24-hour period, with long positions accounting for $370 million of that amount. The open interest (OI) has decreased by 1.7% to $131 billion, and the Relative Strength Index (RSI) stands at 39.
This subdued market reaction should not be entirely unexpected. Market experts and analysts had predicted an 89.4% probability of an interest rate cut, meaning that the market had largely incorporated this event into its pricing. Following the rate cut announcement, BTC reached an intraday high of $94,197. However, it subsequently lost momentum, falling to a low of $89,646. The flagship cryptocurrency has since recovered to above the $90,000 level and is currently trading around $90,229, marking a decrease of nearly 3%.
Ethereum (ETH) followed a similar pattern after Federal Reserve Chair Jerome Powell's press conference. It initially rebounded to $3,426 before declining to a low of $3,177. The world's second-largest cryptocurrency is presently trading around $3,203, down by almost 4%. Ripple (XRP) is also experiencing a decline of nearly 4%, while Solana (SOL) is down by almost 6%, trading at approximately $130. Dogecoin (DOGE) has fallen by 6% to $0.138, and Cardano (ADA) is down by nearly 8%. Other cryptocurrencies such as Chainlink (LINK), Stellar (XLM), Hedera (HBAR), Litecoin (LTC), Toncoin (TON), and Polkadot (DOT) have also registered significant losses within the past 24 hours.