Toncoin (TON) Jumps 16% After Elon Musk’s xAI Teams Up With Telegram
Toncoin (TON) experienced a significant rally on Wednesday, surging up to 16% following an announcement by Telegram founder Pavel Durov about a strategic partnership with Elon Musk’s xAI. The collaboration will integrate Grok’s AI technology into Telegram’s platform, which boasts over 1 billion users. As part of the deal, Telegram will receive $300 million in cash and equity, along with a revenue share from xAI subscriptions.
The cryptocurrency, a key component of The Open Network (TON) ecosystem, saw immediate benefits from the news. Market analysts interpret this partnership as a major endorsement of Telegram’s Web3 initiatives, with TON well-positioned to capitalize on increased platform activity. The one-year partnership is set to commence this summer.
