TON Token Surges 4.24% as UAE Golden Visa, $28.5M Funding, and DeFi Growth Drive Momentum

Toncoin (TONUSDT) experienced a 4.24% price increase in the last 24 hours, rising from 2.733 to 2.849 on Binance. This positive movement is likely attributed to renewed market interest following the announcement of Toncoin’s partnership with the UAE for a 10-year Golden Visa program targeting TON stakers, as well as recent ecosystem developments such as the $28.5 million funding round by The Open Platform (TOP) and the launch of new DeFi incentive programs. Additional factors contributing to increased trading activity include the introduction of interoperability with LayerZero and ongoing grant initiatives to support ecosystem growth. Despite some recent price volatility and the delisting of TON futures on OKX due to low liquidity, overall trading volume remains high, with 24-hour volume reaching approximately $759 million and market capitalization standing around $7.2 billion, positioning Toncoin among the top 20 cryptocurrencies by market cap.