29 May 2025
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TON Token Falls Following Musk’s Denial of Telegram Deal
A deal to integrate xAI's Grok AI into Telegram has not been signed, leading to downward pressure on the price of TON.
- Elon Musk confirmed via a tweet that no agreement exists.
- Following this announcement, TON dropped from $3.60 to $3.40.
- Prior to the tweet, TON had gained 14% during the day.