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Finbold 2025-05-28 14:39:02

This crypto rallies 16% after Elon Musk’s $300 million deal

This crypto rallies 16% after Elon Musk’s $300 million deal

Toncoin (TON) is experiencing strong buying pressure, surging over 15% as investors react to news of a partnership between xAI and Telegram. At press time, TON was trading at $3.47, up 15.65% in the last 24 hours. On the weekly chart, the token has gained nearly 12%. Meanwhile, Toncoin’s market cap has climbed to $8.68 billion, up from $7.45 billion just 24 hours earlier. TON one-day price chart. Source: Finbold The renewed momentum comes after xAI, the artificial intelligence (AI) company founded by Elon Musk, announced a partnership to integrate its Grok chatbot into the Telegram messaging platform. The one-year agreement between xAI and Telegram marks a significant step for both companies. Under the deal, Telegram will receive $300 million in a mix of cash and equity, along with 50% of all revenue from xAI subscriptions sold through the platform. How Grok in Telegram will operate Grok will be fully embedded in Telegram’s apps and accessible directly via the search bar. The integration will introduce a range of advanced AI features for Telegram’s one-billion-plus users, including threaded chats, smart text editing, conversation summaries, document digests, inbox agents, and group chat moderation tools. “This summer, Telegram users will gain access to the best AI technology on the market. Elon Musk 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,” said Telegram founder Pavel Durov. 🔥 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 The announcement highlighted how seamlessly Grok will function within Telegram’s interface, offering users a powerful and intuitive suite of tools to boost productivity, streamline communication, and enhance chat organization. Durov emphasized the strategic importance of the partnership, saying it aligns with the platform’s long-term vision of combining messaging with intelligent automation. Overall, the deal appears to reflect growing investor confidence in Telegram’s monetization strategy and the broader value of AI integration. Featured image from Shutterstock The post This crypto rallies 16% after Elon Musk’s $300 million deal appeared first on Finbold .

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