Husky Inu (HINU) Raises Over $700K In Presale As Trump Steps Into Office
The crypto market witnessed incredible gains in the past week after Donald Trump made a triumphant return to the White House as the 47th President of the United States. Bitcoin (BTC) soared to an ATH of $109,114, while Solanas SOL and Ripples XRP made headlines for their impressive gains.
SEC Forms Crypto Task Force Led by Hester Peirce
The crypto market witnessed incredible feats last week after the pro-crypto Donald Trump took office as the 47th President of the US. Trump has made numerous crypto appointees and taken steps to ensure that crypto companies remain on US soil after years of anti-crypto actions by the previous administration. One of the Presidents most significant moves has been designating Mark Uyenda as acting Chairman of the SEC, marking the end of Gary Genslers crypto crusade. Under its new leadership, the SEC also announced the formation of a new crypto task force to establish a regulatory framework for digital assets, with Hester Peirce as its lead.
A New Crypto Era
Market participants are hopeful as the US ushers in the new administration and welcome a new era for digital assets. The optimism surrounding the new leadership could be witnessed as Bitcoin (BTC) smashed its previous all-time high. Altcoins, including Ripple (XRP) and Solana (SOL), also saw significant gains. On Monday, however, we saw a major market correction, with BTC losing nearly 6% in the past 24 hours. Despite the pullback, the Solana-based memecoin, Husky Inu (HINU), managed to raise over $700,000 in its presale.
Join us as we explore some of the altcoin market and investigate the hottest memecoin presale, Husky Inu (HINU).
Solana (SOL)
Solana (SOL) is one of the most bullish altcoins over the past year, with gains exceeding 145%. The Solana network is the go-to platform for memecoin developments thanks to its ability to handle high TPS at low transaction fees. The power of the Solana blockchain and the networks robust and active community make it the ideal space for memecoin development.
Solana (SOL) has become a formidable player in the crypto space, and now it is targeting a considerable part of Ethereums (ETH) market share. SOL reached a new ATH of $294.33 on January 19 as Solana ETF regulatory filings increased after Gary Gensler stepped down as Chair of SEC. SOL lost some ground since reaching its ATH and is now the 5th largest cryptocurrency with a market cap of $110 billion, currently trading for $226.11.
Ripple (XRP)
Ripples XRP has been a notable gainer in the past months and is now the third-largest crypto with a market capitalization exceeding $162 billion. Ripple (XRP) has witnessed a spectacular gain in value after news of Gary Genslers planned exit surfaced. Ripple Labs has been embroiled in a highly publicized legal battle with the securities agency for which Ripple paid a hefty price. In 2020, the regulator sued Ripple for its supposed breach of securities laws, resulting in many exchanges, such as Coinbase, Kraken, Bitstamp, and Gemini, choosing to delist XRP. Ripple finally found some relief after a partial victory in 2023 ended the SECs 3-year-long crusade against the company. The Southern District of New York Court delivered a partial victory to Ripple in its matter with the SEC after Judge Analisa Torres ruled that Ripples XRP token is not necessarily a security on its face. Ripple received some further bullish news after Chris Giancarlo, former chair of the CFTC, predicted the SEC would drop its case against the company. The price of XRP surged further after WisdomTree filed an S-1 application for a spot XRP ETF.
XRP is priced at $2.81, losing around 15% over the seven-day charts. XRPs plunge is in line with the overall market correction.
Husky Inu (HINU) Presale Hits $700K
With renewed optimism and interest in the crypto market since Donald Trumps election win, crypto projects are expected to surge in the coming months as the president plans to implement pro-crypto policy.
Husky Inu (HINU), the latest memecoin sensation from the Solana network, will surely reap the rewards of industry news. Husky Inu recently launched the presale of its native token, HINU, with tremendous success, and the two are on a mission to conquer the memecoin industry through a robust and supportive community with innovative features and enhanced rewards.
Since going live, the presale has generated over $700,000, with numbers expected to rise rapidly as the crypto market explodes. Husky Inu is working on some exciting things, including an Earn App and a Decentralized Exchange. The Earn App will reward users with HINU tokens for engaging with the project, and the Decentralized Exchange will facilitate decentralized trading to improve utility and value for HINU holders. Husky Inu boasts several unique features that set it apart from traditional investment opportunities, including a capped token supply, a deflationary mechanism, speedy transactions, and charity voting.
Husky Inu is close to hitting its fundraising target, so investors are urged to hurry before missing the opportunity to take a stake in this exciting project.
Visit the following links for more information on Husky Inu:
Website: Husky Inu Official Website
Twitter: Husky Inu Twitter
Telegram: Husky Inu Telegram
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.
Text source: Crypto Daily™
