Toncoin Sees Double-Digit Surge Amid UAE Golden Visa Announcement
Toncoin (TON) is experiencing a notable rally today, fueled by a major development linking blockchain to real-world utility. As of July 6, 2025, TON is trading around $3.02, representing an 11% gain over the past 24 hours. Its market capitalization has surged by $730 million, climbing from $6.7 billion to $7.43 billion in a single day.
This move positions TON as one of the top-performing cryptocurrencies in the current market cycle, with both technical momentum and fundamental news acting as catalysts.
TON Price Breaks Above Key Technical Levels
From a technical perspective, Toncoin is showing signs of a breakout. The price has moved above both its 7-day simple moving average (SMA) of $2.83 and its 7-day exponential moving average (EMA) of $2.81. These are widely watched indicators that suggest renewed bullish momentum.
Additionally, the Relative Strength Index (RSI), which recently fell to an oversold level of 38.79, has started to rebound. This points to potential for further upside, especially if momentum continues to build across the broader crypto market.
Blockchain-Backed UAE Residency Sparks Investor Interest
The primary driver behind today’s price action is Toncoin’s exclusive partnership with the United Arab Emirates, introducing a blockchain-based Golden Visa program. Under the new initiative, individuals can stake $100,000 in TON for a fixed period of three years and become eligible for a 10-year UAE residency visa.
This is a first-of-its-kind crypto-native residency offering. Participants maintain full control of their staked tokens, with withdrawals permitted after the lock-up period, and an annualized yield of 3–4% further incentivizes long-term holding.
If just 1,000 applicants join, over $100 million worth of TON would be locked, reducing circulating supply and enhancing token scarcity—a key element supporting today’s bullish sentiment.
Toncoin’s Broader Adoption Continues
Toncoin is also gaining momentum through its ecosystem expansion. Earlier in 2025, TON received attention when Telegram integrated xAI’s Grok chatbot, leading to increased exposure and utility across the messaging platform’s 900+ million user base.
Toncoin Blends Crypto Utility With Real-World Access
Toncoin’s price breakout today reflects both fundamental innovation and technical confirmation. The UAE residency initiative sets a precedent for crypto-backed migration solutions, and with reduced token liquidity and a growing investor base, TON appears positioned for sustained interest in the near term.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss