TON plummets again after Emirati denial on golden visas

The dream of golden visas has shattered for TON investors. Explore how the promises of a crypto project collided with UAE regulations.

Written by Charles Ledoux

Translated on July 7, 2025 at 12:08 by Marie

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TON’s Price Drop After UAE Rejection : How Long Can It Last ?

The cryptocurrency TON has taken a nosedive after UAE authorities categorically denied the Open Network’s claims about obtaining a golden visa. This unexpected reversal triggered a 6% drop in the price of TON, bringing an abrupt end to investor euphoria.

Indeed, Toncoin, the flagship cryptocurrency of the Open Network, has now fallen by more than 9% from its 24-hour peak. This decline follows the Emirati regulators’ denial regarding the possibility of obtaining a golden visa by investing in TON.

🇦🇪 Update: UAE gov has confirmed you can’t get a Golden Visa by investing in crypto.

Bummer for $TON buyers, it’s ~6% down from today’s high and the news came out around an hour ago. 🫨 https://t.co/G2BydgTMFJ pic.twitter.com/LXxcqyh2ZE
— Sanjay (@SanjayWeb3) July 6, 2025

Initially, the Open Network had announced that a $100,000 investment in TON, locked for 3 years, would provide access to the UAE’s golden visa program. This news had sparked a 10% surge in TON’s price, reaching $3.03. However, this euphoria was quickly dampened by the official statement from authorities.

The Emirates News Agency indicated that relevant regulators, such as the Federal Authority for Identity, Citizenship, Customs and Port Security, have categorically denied this possibility. According to them, golden visas are not granted to digital asset holders. Furthermore, cryptocurrency investments are subject to specific regulations that have no connection to golden visa eligibility.

A Warning About Crypto Project Promises

This episode illustrates the challenges faced by crypto ecosystem players when it comes to communicating transparently and ensuring the accuracy of information. It also highlights the importance for investors to always verify with official sources before relying on promising announcements.

What a shit show. Didn't expect this from a top 20 (by mcap) project like TON (founder Durov retweeted the claim, which grabbed attention.)

Things escalated quickly after @cz_binance tweeted. "Is this 👇 real? It would be awesome if it were true."

It's not awesome – officials… pic.twitter.com/1AWy8VxMy9
— Crypto 🔶 ₿N (@Crypto_bn) July 7, 2025

The crypto community is largely disappointed by these misleading revelations, especially from a recognized project like TON. Crypto_bn states : “I didn’t expect this from a top 20 project like TON.” Indeed, founder Durov even retweeted the erroneous claim.

“What a circus, now we can see which projects make sense and which ones are just for extraction,” adds BraveTom on X.

In a rapidly evolving field like cryptocurrencies, it’s crucial to exercise caution and discernment. Enticing promises can prove misleading, as demonstrated by this case of TON and golden visas. Investors must therefore remain vigilant and rely on credible sources to make informed decisions.

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Charles Ledoux

Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.

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