The cryptocurrency market experienced significant volatility following the Federal Reserve's latest interest rate cut, with major assets like Bitcoin and Ethereum erasing gains despite the widely anticipated monetary policy move. The market's muted response was attributed to the event being largely priced in, with analysts having assigned an 89.4% probability to the cut. Derivatives data revealed over $515 million in liquidations over a 24-hour period, with long positions accounting for $370 million. The overall crypto market cap fell nearly 3%.
Amid this backdrop, the memecoin project Husky Inu (HINU) is progressing through its pre-launch fundraising phase. The project is set for its next scheduled price increase, which will raise the token's value from $0.00023567 to $0.00023658 within approximately 18 hours. This phase, which began on April 1, 2025, is designed to secure capital for platform improvements and ecosystem expansion through regular, incremental price hikes.
Despite a challenging fundraising environment and weak overall market sentiment, Husky Inu has raised $905,549 and remains on track toward its $1.2 million goal. The project crossed the $750,000 milestone on May 16, $800,000 on June 15, reached $850,000 in July, and surpassed $900,000 in October. The official launch date is tentatively under four months away, with the team holding review meetings—the next scheduled for January 1, 2026—to finalize the timing.
The broader market reaction saw Bitcoin briefly spike to an intraday high of $94,197 post-announcement before falling to a low of $89,646; it later reclaimed the $90,000 level. Ethereum followed a similar volatile pattern. Numerous altcoins, including Solana (SOL), Dogecoin (DOGE), Cardano (ADA), and Polkadot (DOT), registered sharp declines of 4-8%.
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