Husky Inu (HINU) is gearing up for the next potential price increase of its development phase, which will take the value of its native token from $0.00023567 to $0.00023658. The project’s development phase began on April 1, 2025, following the conclusion of its early fundraising round.
Meanwhile, the cryptocurrency market retreated after a brief bounce as traders unwound their positions after the Federal Reserve announced its latest rate cut. Liquidations crossed $500 million as market sentiment remained fearful despite a widely expected rate cut.
Husky Inu Ready For Next Price Jump
However, the project is struggling to raise funds as market sentiment remains weak. A recovery and Bitcoin’s (BTC) move back above $90,000 have failed to boost markets, with investors remaining in wait-and-watch mode. Despite the funding slowdown, Husky Inu has raised $905,549 and remains on track to meet its goal of raising $1.2 million. The project crossed the $750,000 milestone on May 16 and the $800,000 milestone on June 15. The project reached the $850,000 milestone in July and crossed $900,000 in October.
Launch Date
The project’s official launch date is under four months away, but the team has not ruled out moving the launch to an earlier or later date. The team will conduct a series of review meetings to determine the project’s launch date. The first two review meetings were held on July 1, 2025, and October 1, 2025, while the third is scheduled for January 1, 2026.
Market Retreats Despite Interest Rate Cut
The crypto market faced volatility on Wednesday, erasing most of the gains made during a brief rate cut bounce. The crypto market cap is down almost 3% as Bitcoin (BTC), Ethereum (ETH), and other tokens traded in the red. Smaller tokens like Uniswap (UNI) and Polkadot (DOT) registered sharper drops. UNI is down nearly 5% over the past 24 hours, while DOT is down 6%. Derivatives data revealed over $515 million in liquidations over the past 24 hours, with long positions accounting for $370 million. Open interest (OI) fell 1.7% to $131 billion, while the RSI sat at 39.
However, the market’s muted response should not come as a surprise. Market experts and analysts had assigned an 89.4% probability of a rate cut, meaning markets had already priced in the impact. BTC reached an intraday high of $94,197 following the rate cut, but lost momentum and fell to a low of $89,646. The flagship cryptocurrency has reclaimed $90,000 and is currently trading around $90,229, down nearly 3%.
ETH followed a similar trajectory following Fed Chair Jerome Powell’s press conference, bouncing to $3,426 before dropping to a low of $3,177. The world’s second-largest cryptocurrency is trading around $3,203, down almost 4%. Ripple (XRP) is also down nearly 4%, while Solana (SOL) is down almost 6%, trading around $130. Dogecoin (DOGE) is down 6% at $0.138, while Cardano (ADA) is down nearly 8%. Chainlink (LINK), Stellar (XLM), Hedera (HBAR), Litecoin (LTC), Toncoin (TON), and Polkadot (DOT) have also registered heavy losses over the past 24 hours.
