Toncoin (TON) Dips 5.5% After Musk Denies xAI Telegram Integration Rumors

BTCC / BTCC Square / Global Cryptocurrency /

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2025-05-28 21:56:41

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

Toncoin (TON), the native cryptocurrency of Telegram’s blockchain ecosystem, fell from $3.60 to $3.40 following Elon Musk’s clarification that no formal agreement exists to integrate xAI’s Grok chatbot. The denial erased a 14% intraday rally that was fueled by premature reports of a potential partnership.

Traders quickly adjusted positions after Musk’s Wednesday evening tweet contradicted earlier statements from Telegram’s founder Pavel Durov. This event highlights the crypto market’s heightened sensitivity to unconfirmed tech collaborations, especially those involving influential figures like Musk.

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