Will it go to the trash bin in the near future?

Since it has been announced that the project will not continue, it will be deprecated from the repository one day but as for when, no decision has been made. I would recommend anyone using it to start investigating alternative clients.

EDIT:
For anyone that missed the news https://hexchat.github.io/news/2.16.2.html

Just my two cents, I really have grown fond of Quassel for IRC, not sure what your main use of Hexchat is. Also, Weechat is real nice as a terminal based app.

Hopefully we can put IRC in the bin one day. 🙂