Toncoin (TON) Volatility Continues as Elon Musk Denies xAI-Telegram Deal Closure

BTCC / BTCC Square / Global Cryptocurrency /

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2025-05-29 02:14:46

[TRADE_PLUGIN]TONUSDT,TONUSDT[/TRADE_PLUGIN] Toncoin TON News -

Telegram’s anticipated partnership with Elon Musk’s xAI remains unresolved despite earlier reports of a finalized agreement. Toncoin (TON), Telegram’s native token, rallied to $3.30 on initial rumors before pulling back from a $3.68 peak after Musk denied the deal on X. The token maintains an 11% daily gain, buoyed by Telegram founder Pavel Durov’s confirmation of an "agreement in principle."

As Asian markets open, traders await further clarity with TON’s price action reflecting continued optimism. In related news, decentralized social platform BlueSky has distanced itself from Web3 branding, according to CEO Jay Graber.

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