Toncoin ($TON) Plummets as UAE Denies "Golden Visa for Stakers" Program
In a dramatic turn of events, Toncoin (TON) saw a sharp price drop after the United Arab Emirates (UAE) officially denied reports of a 10-year Golden Visa program for crypto stakers. The news comes just days after viral claims suggested that staking $100,000 worth of TON would grant investors long-term residency.
What Actually Happened?
Earlier reports claimed the UAE would offer a 10-year Golden Visa to those staking $TON for three years.
The news was widely shared across crypto media, causing a short-lived surge in TON’s price.
However, UAE authorities have now refuted these claims, stating no such program exists.
Market Reaction: TON Price Crashes
Following the denial, TON dropped by over 15% as traders reacted to the false announcement. The incident highlights how unverified crypto news can trigger extreme volatility.
Why Was This Story Believable?
The UAE has been a global leader in crypto-friendly policies, including:
✅ Dubai’s Virtual Assets Regulatory Authority (VARA)
✅ Tax-free crypto earnings
✅ Existing Golden Visa programs for investors & entrepreneurs
Many assumed the government was taking another step toward blockchain-based residency incentives, making the fake news seem plausible.
Lessons for Crypto Investors
Always verify major announcements – Check official sources before acting.
Beware of hype-driven pumps – Fake news can lead to short-term gains but long-term losses.
UAE remains crypto-friendly – Despite this incident, the country is still a top destination for blockchain businesses.
What’s Next for TON?
While the Golden Visa rumor has been debunked, Toncoin’s ecosystem remains strong, with:
Telegram’s integration for Web3 payments
Growing DeFi and NFT projects
Strong staking rewards (~5% APY)
However, this incident serves as a warning against unchecked speculation in crypto markets.
Do you think the UAE will ever introduce a crypto-based Golden Visa? Share your thoughts below!
#GoldenVisa #TON #TrumpTariffs