The Husky Inu (HINU) presale has crossed $720,000 despite an overwhelmingly bearish market that has seen major cryptocurrencies including Bitcoin (BTC) and Ethereum (ETH) register substantial declines. The crypto market cap is down nearly 4% and currently sits at $3.64 trillion.
The presale hitting another milestone in a bearish market indicates a high level of community interest in the project, as it gets closer to its goal of $1.2M.
State Of The Market
The crypto market is in the doldrums yet again, as it started the week in the red. Bitcoin (BTC) and Ethereum (ETH) have registered substantial declines. BTC is down nearly 4%, while ETH is down 5% and struggling to stay above $2,000. Other cryptocurrencies have also registered substantial declines with Ripple (XRP) down over 3% and Dogecoin (DOGE) down nearly 6% and trading around $0.173. Solana (SOL) is down over 6% while Cardano (ADA) is down over 4%.
The weekend selloff saw BTC near a retest of its latest low when it slipped below the $80,000 mark. Markets are bearish because of heightened tensions and a potential trade war between the US and China. Trump’s economic policies and tariffs on Canada and Mexico have also hampered investor sentiment. Concerns of a recession in 2025 have also escalated. President Trump, while refusing to make a direct prediction, acknowledged that economic transitions could create short-term volatility and uncertainty.
“I hate to predict things like that,” he said, “There is a period of transition because what we’re doing is very big — we’re bringing wealth back to America. It takes a little time.”
However, Trump’s Commerce Secretary Howard Lutnick has dismissed concerns about a potential recession in 2025.
Trump’s tariffs and budget cuts have also created disruptions. However, Trump defended his economic policies, saying they may cause short-term pain for long-term gain.
“There might be some disruption. China has a 100-year plan, while we focus on quarterly results. What we’re doing is laying the groundwork for the future.”
Husky Inu Presale Going Strong
Despite the recent market downturn, the Husky Inu (HINU) presale is going strong and crossed the $720,000 milestone, a sign the community is rallying behind the project despite adverse market conditions. The meme coin community has bought into Husky Inu’s mission to bring value and utility to HINU token holders and community members. The new meme coin has already made a significant impression on the meme coin community, and is emerging as a viable alternative to established meme coins like DOGE, SHIB, PEPE, and WIF.
With the presale crossing the crucial $720,000 milestone, the team behind the project expects it to meet its target of $1.2M soon.
What Makes Husky Inu Unique?
Husky Inu has several features that make it unique.
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Deflationary Supply – Husky Inu will redirect 50% of all platform fees collected from the Husky Inu Exchange and decentralized exchange to buy and burn HINU tokens, reducing their circulating supply over time.
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Quick Transactions – Husky Inu will leverage the capabilities of the Solana blockchain to enable fast transactions that cost less than a penny, with a block time of 400 milliseconds.
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Charity – 5% of the total HINU supply will be allocated toward community rewards, user-supported charities, and other goodwill causes.
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Earn App – The Husky Inu Earn App will allow users to earn HINU tokens by interacting with the project and completing simple tasks like watching and liking videos, viewing ads, and sharing posts on social media.
Join The Husky Inu Presale
You can join the Husky Inu presale by following the steps listed below.
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Connect a Wallet – Connect your wallet using the available options. If you encounter an issue, contact Husky Inu’s official Telegram channel.
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Select Network – You can join the HINU presale on the Solana blockchain and purchase the token using the native currency or with BTC, ETH, BNB, LTC, DOGE, TRX, DASH, BCH, or USDT on Ethereum and Tron chains.
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Buy Tokens – Next, specify the amount of BTC, ETH, BNB, LTC, DOGE, TRX, DASH, BCH, or USDT you wish to trade for HINU and approve the transaction to purchase the token.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.