Toncoin, the cryptocurrency of The Open Network, has increased by over 3% in the last 24 hours. However, recent price fluctuations are linked to statements from UAE authorities.
Market Changes of Toncoin
Currently, Toncoin is trading at $2.82, with a high of $3.05 and a low of $2.74 in the last 24 hours.
UAE Response to Golden Visa Claims
Experts noted a sharp increase in Toncoin's price following financial news about the potential for a golden visa in the UAE through Toncoin staking. However, UAE authorities denied these rumors, stating that investments in digital currencies are governed by specific regulations and are not related to the golden visa program. The Emirates News Agency mentioned, 'Authorities encourage investors to obtain information from reliable sources to avoid misinformation and fraud.'
General Information About Toncoin
According to CoinMarketCap, Toncoin has a market capitalization of $6.9 billion. Over the past week, it has lost 2.48%, and over the month, its value has decreased by 12.11%. On June 15, 2025, Toncoin reached an all-time high of $8.24, which represents a 65% decrease from its current price.
The Toncoin market remains volatile, and investors should closely monitor changes and news related to this cryptocurrency while paying attention to official information sources.
