TON Token Dips 5% Amid $484M Trading Surge and UAE Golden Visa Staking Program Launch

Toncoin (TONUSDT) is trading at $2.777 on Binance, reflecting a 5.09% decline over the past 24 hours, with the price opening at $2.926. The recent price decrease is occurring amid high trading volumes and follows a period of ecosystem expansion, including the launch of a 10-year UAE Golden Visa program for users staking at least $100,000 in TON, continued DeFi initiatives, and new interoperability features such as LayerZero integration and the TON Teleport BTC bridge. Despite these positive developments, the market has seen short-term volatility, potentially influenced by broader market conditions and the delisting of the TON/USD futures contract on OKX due to low liquidity, which may have impacted trader sentiment and liquidity dynamics. Trading activity remains robust, with a 24-hour volume exceeding $484 million and a market capitalization near $7 billion, positioning TON among the leading cryptocurrencies by market size.