TON Coin Drops 6% After UAE Denies Golden Visa Claim

TON Coin Drops 6% After UAE Denies Golden Visa Claim

Toncoin, the native cryptocurrency of The Open Network, dropped 6% from its recent high after United Arab Emirates regulators publicly denied claims that staking TON could qualify investors for a UAE golden visa. The correction came shortly after the token had surged 10% to $3.03 on speculative optimism. The rally was triggered by a claim from The Open Network suggesting that staking $100,000 worth of Toncoin for three years and paying a one-...

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