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).
📉 Official denial and abrupt correction
The Emirates News Agency, along with several regulatory bodies in the UAE, categorically denied this connection between staking and visas. The price, which had reached $3.03, fell nearly 6%, settling around $2.84 (es.cointelegraph.com).
📌 Impact on market perception
Speculative rise driven solely by a rumor.
Violent backlash after the official denial.
Reinforcement of the role that official news and regulation play in the credibility of the crypto ecosystem.
🧭 Key lessons
Always verify with official sources: we believe a solid project can back any claim.
Influence of public figures: a single tweet can move millions, but its reversal can generate quick losses.
Volatility of the speculative market: Toncoin saw a 10% surge followed by a 6% drop in a matter of days.
🔍 What’s next for Toncoin?
The TON network remains active but still shows vulnerability to fake news.
In its trajectory, TON has crossed historical highs of $8.24 and phases of correction in 2025 (es.wikipedia.org, criptonoticias.com).
Despite this, there are optimistic projections for the end of the year, with values between $6 and $9 (gate.com).
✅ Conclusion
The episode of Toncoin and the golden visa reinforces a reality of the crypto world: credibility is everything. Before investing in or promoting a token, it is essential that its fundamentals and announcements come from reliable sources. Media noise can inflate the price but can also quickly temper it.