Toncoin Surges 11% on UAE Golden Visa Program

Toncoin (TON) has experienced a significant surge today, driven by the announcement of a blockchain-based residency program in the United Arab Emirates. This initiative allows users to obtain a 10-year UAE Golden Visa by staking $100,000 in TON, which has triggered an 11% price increase following the news. As of the latest reports, TON was trading at $3.02, reflecting a strong bullish sentiment in the market.

The residency program is a strategic move that leverages TON's blockchain technology to attract high-net-worth individuals and investors to the region. By offering a pathway to residency through cryptocurrency staking, TON is positioning itself as a forward-thinking player in the global blockchain ecosystem. This development has not only boosted TON's price but also underscored its potential for further growth and adoption.

Beyond the fundamental news, Toncoin’s price chart shows possible signs of a breakout. TON has decisively moved above its seven-day simple moving average (SMA) at $2.83 and its seven-day exponential moving average at $2.81. Meanwhile, its relative strength index (RSI), which had dropped to an oversold level of 38.79, is now rebounding, suggesting room for further upside.

The catalyst behind the surge is Toncoin’s announcement of a first-of-its-kind UAE residency scheme built on blockchain technology. Under the program, investors can secure UAE residency by staking $100,000 in TON for three years through a decentralized smart contract in return for a 10-year UAE Golden Visa. The initiative is designed to lock up a significant supply: if 1,000 participants join, around $100 million worth of TON could be removed from circulation. Additionally, the program offers participants an annual yield of 3–4%, encouraging long-term holding.

The visa process is fast-tracked, with approvals typically expected within seven weeks. Unlike traditional programs requiring $500,000 in real estate, this initiative offers a lower entry point and extends residency to the applicant’s immediate family. Staked TON remains under user control and is fully withdrawable after three years, with an annual yield of 3–4%, subject to market conditions. Overall, the UAE–TON partnership aims to attract crypto investors and entrepreneurs seeking more accessible residency options.

This is another initiative that will likely help Toncoin gain mainstream attention. For instance, in late May, TON saw increased momentum after xAI announced a partnership to bring its Grok chatbot to Telegram. Under the one-year deal, Telegram will receive $300 million in cash and equity, as well as 50% of all xAI subscription revenue generated on its platform. This partnership further solidifies TON's position in the market and highlights its potential for future growth.

Prior to this surge, TON had been trading in a tight range between $2.70 and $2.80, with analysts pointing out that a breakout above $2.80 could push the price to $3.00 or even $3.40, indicating a potential 26% upside. The resistance level at $2.80 was seen as a crucial zone, and the recent breakout above $3.00 has validated the bullish sentiment. The initial breakout was supported by significant volume, with two consecutive candles showing strong buying pressure.

Technical analysis had previously indicated a potential trend shift for TON, with the price breaking below a long-term symmetrical triangle. However, the recent developments have reversed this trend, with TON now showing a cautious bullish sentiment. The price has shown a slight increase of 0.68% in the last 24 hours, further supporting the positive outlook.

TON's ranking in the set of major 25 cryptocurrencies by market cap on July 1, 2025, at a price of around $2.80, highlights its growing significance in the crypto market. The residency program in the United Arab Emirates is expected to further solidify TON's position, attracting more investors and users to its platform. As the crypto market continues to evolve, TON's innovative approach to blockchain technology and residency programs positions it as a key player in the industry.