Toncoin (TON) Jumps 24% Following Telegram’s xAI Partnership, $6.80 Price Target Set for 2025

Toncoin (TON) experienced a significant rally after Telegram founder Pavel Durov announced a $300 million partnership with Elon Musk’s xAI. This collaboration provides Telegram users with in-app access to Grok AI, while TON receives cash, equity, and 50% of subscription revenue. The announcement drove TON prices up by 24% to $3.60 before stabilizing at $3.34.

Technical analysts highlight a breakout from a symmetrical triangle pattern, with one expert projecting a $6.80 target by Q3 2025, contingent on quarterly closes above $4.21. However, blockchain data indicates that adoption rates remain stagnant despite the price surge.

The partnership serves as a major endorsement for TON’s ecosystem, though questions persist about long-term growth sustainability. Market observers are monitoring whether this institutional backing can address current concerns about network activity.