{"id":40208,"date":"2025-05-30T11:37:13","date_gmt":"2025-05-30T11:37:13","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/05\/30\/toncoin-ton-slumps-as-elon-musk-denies-telegram-xai-deal\/"},"modified":"2025-05-30T11:37:13","modified_gmt":"2025-05-30T11:37:13","slug":"toncoin-ton-slumps-as-elon-musk-denies-telegram-xai-deal","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/05\/30\/toncoin-ton-slumps-as-elon-musk-denies-telegram-xai-deal\/","title":{"rendered":"Toncoin (TON) slumps as Elon Musk denies Telegram-xAI deal"},"content":{"rendered":"
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Toncoin has been among the most-watched tokens this week. <\/p>\n

The digital asset flourished on Wednesday following two bullish announcements tied to Telegram.<\/p>\n

First and foremost, what\u2019s the connection?<\/p>\n

Toncoin is the native token of The Open Network, which is Telegram\u2019s blockchain infrastructure.<\/p>\n

News about BlackRock, Citadel, and Mubadala backing Telegram\u2019s $1.5 billion bond issuance<\/a> elevated Toncoin prices from May 28 lows of $2.9831.<\/p>\n

Telegram CEO Pavel Durov supercharged the rally after confirming<\/a> collaborating with Elon Musk\u2019s xAI to bring Grok to the leading messaging platform.<\/p>\n

The news bolstered optimism, promising AI integration into all Telegram features and financial support.<\/p>\n

Durov stated that Musk\u2019s artificial intelligence initiative committed $300 million and had agreed to split half of the subscription revenue from xAI features sold through Telegram.<\/p>\n

The developments pushed TON to intraday highs of $3.6784 \u2013 a 23% uptick from a 24-hour low.<\/p>\n

The significant rallies reflected investor and trader excitement, with many speculating about the crypto\u2019s potential future with Telegram integrating artificial intelligence for over 1 billion users.<\/p>\n

Indeed, Grok could have boosted Telegram activity and growth by attracting key collaborations. Such developments could propel Toncoin\u2019s adoption.<\/p>\n

Musk denies signing any deal with Durov.<\/h2>\n

Nevertheless, the excitement was short-lived as Elon Musk disagreed with Durov\u2019s claims.<\/p>\n

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Elon Musk<\/span><\/div>\n
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@elonmusk<\/span><\/a><\/p>\n
\u00b7<\/span>Follow<\/a><\/div>\n<\/div>\n<\/div>\n

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Replying to @durov<\/a><\/p>\n

No deal has been signed<\/span><\/p>\n

12:29 AM \u00b7 May 29, 2025<\/a><\/a><\/div>\n
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Reply<\/span><\/a>