Good news for Husky Inu (HINU) token holders as it completed the latest price increase, rising from $0.00023298 to $0.00023387. The project’s token phase began on April 1, 2025, following an earlier fundraising round.
However, investors had more bad news coming their way as the cryptocurrency market continued its downtrend, with Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and other tokens trading in the red.
Husky Inu (HINU) Rises To $0.00023387
Husky Inu (HINU) has completed the latest price increase, rising from $0.000023298 to $0.0023387. The phase began on April 1, with the project adopting a dynamic pricing strategy to empower its community and existing HINU token holders while continuing fundraising efforts. The primary goal is to ensure capital raise, undertake marketing initiatives, fund platform improvements, and facilitate broader ecosystem expansion.
Fundraising Struggles
Husky Inu has faced its fair share of challenges and is currently facing a slowdown in fundraising, thanks to the ongoing market slowdown. A similar slowdown had brought fundraising efforts to a grinding halt as investors adopted a wait-and-watch approach. This meant the project took an eternity to cross the $900,000 milestone, potentially impacting its long-term fundraising target as well.
However, the team remains optimistic about investor sentiment and fundraising picking up as broader market conditions improve. While the official launch date is set for March 27, 2026, the team is open to shifting launch dates to adapt to market conditions. The team has held two review meetings to assess market conditions, with a third scheduled for January 1, 2026.
Crypto Market Continues Downtrend
Meanwhile, the cryptocurrency market extended its decline for a second day with nearly all tokens in bearish territory. Bitcoin (BTC) fell almost 3% over the past 24 hours, losing $90,000 and moving to $89,401. Ethereum (ETH) is struggling to stay above $3,000, down 4.50% at $3,021. Ripple (XRP) is down almost 3%, while Solana (SOL) is down over 4%, trading around $132.
Popular memecoin Dogecoin (DOGE) has shed almost 6% over the past 24 hours, while Cardano (ADA) is down 77% at $0.410. Chainlink (LINK) is down 4.91% and Stellar (XLM) is down over 5%, trading around $0.238. Litecoin (LTC), Hedera (HBAR), Toncoin (TON), and Polkadot (DOT) have also registered substantial declines over the past 24 hours. As a result, the overall crypto market cap is down nearly 3% at $3.05 trillion.
