The Toncoin (TON) token suffered a sharp setback after the authorities in the United Arab Emirates (UAE) denied a rumor linking it to a golden visa program.
📈 The rumor that spiked the price
Last weekend, a message circulated that by betting $100,000 in TON for three years and paying a fee of $35,000, one could obtain a 10-year golden visa in the UAE. The rumor was amplified by crypto influencers and reposted by Pavel Durov, CEO of Telegram (criptotendencia.com, onesafe.io).