#Toncoin rises due to the golden visa program in the UAE
The launch of the golden visa program in the United Arab Emirates (UAE) has had an immediate impact on the price of Toncoin (TON). On July 6, 2025, the UAE government announced that it would allow foreign citizens to obtain residency for 10 years if they lock $100,000 in TON for three years.
Immediate effect on the price of TON
In just 24 hours, the price of TON rose by more than 6%, reaching $2.89 after a peak of $3.08. This increase is partly due to the strategic alliance that drastically reduces the circulating supply of TON, as the tokens are locked in smart contracts with no possibility of early withdrawal.
A technical boost and breakout of resistance
Additionally, the price of TON broke through a key resistance by surpassing $2.75, reversing a bearish trend that had been ongoing since May. Trading volume increased by 300% within hours, suggesting that this bullish breakout has technical backing and is not just speculative.