Toncoin to $10? Telegram’s Musk Deal Sparks Crypto Frenzy
Rumors of a Telegram-Elon Musk partnership have sent Toncoin holders into a speculative frenzy—can the token really 10x from here?
Forget fundamentals—when Musk tweets, markets move. But this isn’t Dogecoin 2.0. Toncoin’s actual utility in Telegram’s ecosystem gives it more legs than your average meme coin.
Still, let’s be real: most buyers are here for the hype train, not the tech. Another day, another ’next Bitcoin’ narrative for crypto bagholders to chase.
This summer, Telegram users will gain access to the best AI technology on the market. @elonmusk and I have agreed to a 1-year partnership to bring xAI’s @grok to our billion+ users and integrate it across all Telegram apps
This also strengthens Telegram’s financial… pic.twitter.com/ZPK550AyRV
— Pavel Durov (@durov) May 28, 2025
Toncoin (TON) Surges After Telegram-Elon Musk Deal
TON’s price is up 9.2% in the daily charts, 6.7% in the weekly charts, 3% in the 14-day charts, and 1.1% over the previous month. Despite the breakout, TON is still down by 48.9% since late May 2024.
TON’s price may have been helped by Bitcoin’s (BTC) recent surge to a new all-time high. The crypto market experienced one of its most significant market upswings earlier this month. Ethereum (ETH) also joined in on the fun. The second-largest crypto project by market cap registered double-digit percentage gains after its Pectra update.
Can The Asset Hit $10?
Telegram’s recent deal with Elon Musk’s xAI is a significant development. The TON network may see a surge in users once they gain access to the Grok AI chatbot. A surge in users could lead to a spike in TON’s price.
According to CoinCodex, Toncoin (TON) may face a price correction over the coming week. The platform anticipates the asset to trade at $2.29 on June 6. TON’s price will fall by 31.23% if it hits $2.29.
Given that the crypto market rally has slowed down, it is entirely possible that TON will face a correction. BTC’s price has fallen to the $107,000 price level. TON will most likely not rally unless BTC makes a move. TON may regain momentum once the original crypto generates steam.
