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New Token BLACKSWAN Reaches $3.7 Million Market Value Within 24 Hours of Launch
A newly launched cryptocurrency token known as BLACKSWAN has reached a market value of approximately $3.7 million within its first 24 hours of trading, drawing attention as broader crypto markets show signs of recovery after a recent downturn.

The rapid rise was first highlighted by the X account Whale Insider and later confirmed through market tracking data reviewed by industry observers. Following verification of the information, hokanews cited the development as part of its coverage of emerging trends in the digital asset market.

While early surges are not uncommon in speculative crypto launches, the pace of BLACKSWAN’s growth has sparked discussion among traders and analysts watching renewed momentum across the market.

Source: XPost
A Strong Debut Amid Market Rebound
BLACKSWAN’s launch coincided with a broader rebound in cryptocurrency markets, as prices of major digital assets stabilized and investor sentiment improved. Analysts say improved market conditions often create an environment where new tokens can attract attention quickly, particularly if liquidity and early interest align.

Within a day of launch, BLACKSWAN’s market capitalization climbed to $3.7 million, reflecting strong initial trading activity. Data suggests that early participants moved swiftly to establish positions, contributing to heightened volume during the token’s debut window.

Market observers caution, however, that early performance does not guarantee long-term sustainability.

What Is Driving Early Interest
While detailed fundamentals behind BLACKSWAN remain limited at this stage, analysts point to several factors that often drive rapid early valuation growth. These include speculative momentum, social media visibility, and broader optimism tied to market recovery.

In recent cycles, new tokens launched during periods of improving sentiment have often benefited from increased risk appetite among traders. The BLACKSWAN launch appears to fit that pattern.

Still, experts emphasize that early valuation metrics can be volatile, particularly during the first days of trading.

Market Conditions Favoring Risk Assets
The wider crypto market has shown signs of stabilization following weeks of heightened volatility. As selling pressure eased, traders began reallocating capital into higher-risk assets, including newly launched tokens.

This shift in sentiment may have amplified demand for BLACKSWAN during its initial trading window. Analysts note that similar patterns have emerged during past market rebounds, where speculative assets outperform in the short term.

However, market participants are advised to distinguish between short-term momentum and long-term fundamentals.

Whale Insider Confirmation and Media Coverage
The milestone was first reported by Whale Insider on X, a source frequently cited for tracking notable on-chain movements and early market developments. After confirming the reported figures, hokanews referenced the update in line with standard media practices, presenting the information as a snapshot of early market activity rather than a projection.

Mainstream coverage of early-stage tokens typically focuses on observable data while avoiding assumptions about future performance.

Volatility and Investor Caution
Crypto analysts stress that rapid early gains often come with elevated risk. Liquidity conditions, distribution concentration, and post-launch trading behavior can significantly affect price stability in the days following an initial surge.

Investors are encouraged to conduct independent research and remain cautious when evaluating newly launched tokens, particularly those experiencing sharp early appreciation.

Regulators have also repeatedly warned retail participants about speculative risks associated with early-stage crypto assets.

Broader Implications for the Market
BLACKSWAN’s debut highlights how quickly sentiment can shift in digital asset markets. The token’s early rise reflects renewed appetite for risk, but it also underscores the speed at which capital can move in and out of speculative positions.

For the broader market, such launches often serve as indicators of sentiment rather than structural change.

What Comes Next
Whether BLACKSWAN can sustain its early valuation remains uncertain. Market participants will be watching liquidity trends, holder distribution, and overall market conditions in the days ahead.

As with many new crypto launches, the next phase will likely determine whether the token transitions from speculative interest to longer-term relevance.

hokanews will continue to monitor developments and provide updates as verified information becomes available through reliable source

Cryptoassets VAT exemption confirmed – 0.1% transfer tax proposed
No VAT on crypto transfers and regulated trading
0.1% transfer tax for individuals and nonresident institutions
20% corporate income tax for resident organisations
Vietnam has taken a significant step toward formalising the tax treatment of cryptoassets – including digital currencies such as Bitcoin. On 6 February 2026, the Government confirmed it is drafting a Circular to prescribe tax rules for crypto transactions, aligning them more closely with securities trading while introducing a new low-rate transfer tax regime.

The proposals sit within Vietnam’s five-year pilot programme for digital asset regulation, launched in September 2025.

VAT: Crypto transfers exempt
Under the draft Circular, transfers of crypto-assets would not be subject to VAT. This follows the example of Thailand and Indonesia. and much of the rest of the world. This is on the basis that it is a non-fiat currency, and not an asset with intrinsic value.

Previously, Vietnam had no clear statutory framework addressing whether crypto transfers could be treated as taxable supplies of goods or services.

What this means in practice:

No output VAT on crypto transfers executed via licensed platforms.
No corresponding VAT deduction framework (as the activity falls outside the scope).
Alignment with global trends where crypto trading is treated similarly to financial instruments rather than goods.
0.1% Transfer Tax on individuals
Separately, the Ministry of Finance has proposed a 0.1% tax on the value of cryptoasset transfers made by individuals through licensed service providers.

This mirrors Vietnam’s securities trading tax model, where transactions are taxed on gross value rather than net gain. This design reduces the compliance burden compared to capital gains-style calculations, but effectively introduces a turnover-based micro-levy.

Corporate Income Tax: 20% for Vietnam-resident organisations
Vietnam-based organisations transferring digital assets would be subject to 20% corporate income tax (CIT) on the value of their digital asset transfers.

The drafting suggests crypto activity will be treated as part of taxable corporate business income rather than a special regime.

Nonresident institutional investors
Nonresident institutional investors transferring cryptoassets through a Vietnamese resident service provider would face: 0.1% tax on the value of each transfer. This ensures parity between domestic and foreign participants when operating via Vietnam-regulated platforms.