On July 6, 2025, The Open Network (TON) Foundation announced a program offering a pathway to a 10-year UAE Golden Visa for investors staking $100,000 in Toncoin (TON) for three years and paying a $35,000 processing fee. This led to a 10% price surge, with Toncoin reaching $3.03.
However, the UAE government refuted these claims. Official statements clarified that digital currency investments are unrelated to Golden Visa eligibility.
Following the denial, Toncoin's price corrected. As of July 7, 2025, it is trading at $2.84, a 6% decrease from its recent high.
In other news, Tokamak Network (TON) is trading at 1.15 USD with a change of 0.08 USD (0.07%) from the previous close. The intraday high is 1.18 USD and the intraday low is 1.06 USD.