- UAE “Golden Visa” program announcement for TON stakers caused volatility, later partially countered by UAE clarification denying an active partnership.
- TON’s integration with Telegram drives discussion; its Layer 1 role expands with mini-apps, DeFi bots, and EthCC 2025 presence.
Toncoin (TON) is trading at $2.782 USDT, reflecting a −1.94% daily decline, extending its monthly loss to −11.77%. Over the past week, TON has lost −4.50%, and its year-to-date performance sits at −49.47%, with a steep −63.29% drawdown over the past 12 months.
The asset remains technically within a long-term downtrend despite recent short-lived relief rallies and trading above its historical launch price.
From a technical standpoint, TON is trapped in a large consolidation range between $2.40 and $3.00, showing consistent rejection from the $3.10 resistance level. Price action suggests a higher low formation, but the market has yet to confirm a bullish breakout.
ETHNews analysts on TradingView are split, with some noting a falling wedge breakout setup and forecasting a possible rally toward $3.28–$3.50, while others argue that unless TON clears the 200EMA and sustains above $3.00, any upside is likely to be capped.
In terms of news, one of the most significant recent headlines is TON’s partnership with the United Arab Emirates for a 10-year “Golden Visa” program, aimed at individuals staking a minimum threshold in TON.
This initiative is intended to increase adoption and long-term user commitment to the network. However, the initial excitement was partially muted by official UAE clarification, denying an active visa partnership—adding volatility to the token’s price last week.
Despite the controversy, TON remains one of the most discussed altcoins due to its close integration with Telegram. Its role as a native Layer 1 for Telegram-based applications continues to expand, particularly with the rise of mini-apps and bot-driven DeFi tools.
Toncoin has also featured prominently at EthCC 2025, with project developers pushing narratives around cross-chain DeFi, improved validator economics, and real-world payment adoption.
