The Toncoin (TON) token suffered a strong setback after the authorities of the United Arab Emirates (UAE) denied a rumor linking it to a golden visa program.
📈 The rumor that skyrocketed the price
Last weekend, the message circulated that betting $100,000 on TON for three years and paying a fee of $35,000 could yield a 10-year golden visa in the UAE. The rumor was amplified by crypto influencers and reposted by Pavel Durov, CEO of Telegram (criptotendencia.com, onesafe.io).