TON’s Golden Visa Gambit: A Crypto Cinderella Story or a Modern-Day Mirage?

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What to know:

  • The TON Foundation, in a whimsical twist, has launched a UAE Golden Visa program, requiring a mere $100K toncoin staking and a $35K fee, promising a fairy-tale ending with fast approval and family inclusion. 🏰✨

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The TON Foundation’s website highlights several key alleged benefits: fast approval within seven weeks from document submission, a simple process without the need to purchase real estate or meet income thresholds, and inclusion of family members — spouse, children, and parents — at no extra cost beyond standard government fees. The staking is conducted through decentralized smart contracts on the TON blockchain, which it argues ensures transparency and security. 📜🔒

00 hour on 6 July, when volume spiked to nearly 13 million.

  • Extraordinary 57.5 million volume surge in the 8:00 hour propelled TON to its high.
  • Support has formed around $2.86-$2.89 with high-volume buying.
  • Resistance appears at $3.03, suggesting the token has established a new trading range.
  • In the last 60 minutes from 6 July 15:12 to 16:11, TON experienced a significant price surge of 2.4%.
  • Dramatic breakout occurred at 15:48 when volume spiked to 1.68 million tokens.
  • Token reached a peak of $2.93 at 15:50 before establishing a new support level around $2.90-$2.91.

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    2025-07-06 20:22