๐ซ Golden Visa Dreams Crushed โ UAE Shuts Down TON Staking Proposal
๐ฅ Toncoin Drops After Government Rejection
The hype was real โ until it wasnโt.
TON Foundation CEO Max Crown announced a 10-year UAE Golden Visa for staking $100K in TON โ but UAE regulators just slammed the brakes.
๐ฆ๐ช UAE Authorities Respond:
โWe do not recognize or partner with TON Foundation for golden visa programs.โ
๐ Market Reaction:
โข TON hit $2.83 after touching $3
โข Now slipping toward $2.73 support
โข Derivatives interest fades fast
โข Long/Short ratio turns bearish
๐ Key Levels to Watch:
โข Breakdown below $2.73 โ eyes on $2.52
โข Rejection from 7-month resistance trendline
๐ก Another lesson in hype vs. reality โ real-world adoption must pass real-world scrutiny.