TON Token Surges 10% on UAE Golden Visa Rumors, Closes Up 3.63% Amid Volatile Trading

Toncoin (TONUSDT) experienced significant price volatility in the last 24 hours, primarily driven by conflicting reports regarding a supposed partnership offering UAE Golden Visas to TON stakers. Initial excitement over the announcement led to a price surge of over 10%, but the subsequent denial by UAE authorities caused a swift retracement, resulting in a net 3.63% price increase over the past 24 hours on Binance, with the price currently at $2.830 (24h open: $2.731). Trading activity spiked, with 24-hour volume reaching approximately $782–797 million and a market capitalization of around $6.91–7 billion, reflecting heightened investor interest and increased large transactions despite regulatory clarification.