Husky Inu (HINU), a memecoin project, has completed its latest scheduled price increase during its pre-launch phase, rising from $0.00023298 to $0.00023387. This marks a continuation of the project's dynamic pricing strategy, which began on April 1, 2025, following its initial presale. The strategy involves staggered price increases every two days, aimed at continuing fundraising while rewarding early backers.
The pre-launch phase is designed to fund platform improvements, marketing initiatives, and broader ecosystem expansion, with an official launch date tentatively set for March 27, 2026. However, the team has held two review meetings to assess market conditions and is open to shifting the launch date, with a third review scheduled for January 1, 2026.
Despite this internal progress, Husky Inu faces significant headwinds from a struggling broader market, which has severely impacted its fundraising efforts. The project has raised $905,449 so far, still short of its $1.2 million goal. Fundraising slowed dramatically as it approached the $900,000 milestone, a challenge attributed directly to the ongoing crypto market downturn causing investors to adopt a wait-and-see approach.
Meanwhile, the wider cryptocurrency market extended its decline for a second consecutive day. Bitcoin (BTC) fell almost 3%, losing the $90,000 level to trade around $89,401. Ethereum (ETH) struggled to stay above $3,000, down 4.50% to $3,021. Other major altcoins followed suit: Solana (SOL) dropped over 4% to around $132, Ripple (XRP) fell nearly 3%, and Dogecoin (DOGE) shed almost 6%. Cardano (ADA), Chainlink (LINK), and Stellar (XLM) also registered substantial declines of 4.77%, 4.91%, and over 5%, respectively.
As a result, the total cryptocurrency market capitalization fell nearly 3% to approximately $3.05 trillion, with 24-hour trading volume also down significantly.
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