Toncoin (TON) Price Surges as Telegram Secures $300M AI Deal with Elon Musk’s xAI
The post Toncoin (TON) Price Surges as Telegram Secures $300M AI Deal with Elon Musk’s xAI appeared on BitcoinEthereumNews.com.
TLDR: Telegram to deploy Grok AI to over 1 billion users by summer 2025. Toncoin price jumped from $2.94 to $3.66 after the xAI announcement. Whale wallets added over 45M TON tokens, signaling long-term confidence. TON targets $4.66 short-term, with potential to retest its $8.24 all-time high. Toncoin (TON) has seen a sharp rise in price following a new partnership between Telegram and Elon Musk’s AI venture, xAI. The deal marks a major move by Telegram to expand beyond messaging into artificial intelligence. Investors responded swiftly to the announcement, sending TON up more than 15% within hours. This surge comes amid rising interest in AI integrations within social platforms. The collaboration also strengthens Telegram’s finances and brings Toncoin into greater focus. Telegram’s $300M Alliance Fuels Toncoin Price Surge Telegram CEO Pavel Durov confirmed a one-year deal with xAI, integrating Grok AI into Telegram’s ecosystem. 🔥 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 Durov shared that the platform would receive $300 million in cash and equity from xAI. Additionally, Telegram will earn 50% of all Grok subscriptions sold via the app. According to Durov, this AI rollout will be available to over a billion users this summer. The announcement triggered a double-digit gain in the TON price, lifting it from around $2.94 to $3.66. At press time, CoinGecko reports TON trading at $3.44 with over $787 million in 24-hour volume. Toncoin Price on CoinGecko Chart analysis from TradingView, shared by Binance user Pampa1, points to bullish momentum in the TON/USDT pair. After rebounding from…
Filed under: News - @ May 28, 2025 8:28 pm