Toncoin (TON) Volatility Continues as Musk Denies xAI-Telegram Partnership Rumors
Telegram’s anticipated collaboration with Elon Musk’s xAI remains unconfirmed, despite founder Pavel Durov’s previous announcement of an "agreement in principle." The TON token, integral to Telegram’s ecosystem, initially surged to $3.68 before correcting to $3.30 following Musk’s public denial on X. Traders in Asia are now awaiting further developments as markets open.
In related news, decentralized social platform BlueSky is distancing itself from Web3 branding, with CEO Jay Graber highlighting its unique approach. The crypto market is monitoring potential impacts on associated tokens.