US EditionToncoin Falls 7% as Elon Musk Refutes Telegram Founder’s Claims of a $300 Million xAI Partnership
- Telegram and Elon Musk's xAI announced an agreed-in-principle one-year partnership on May 28 to integrate the Grok AI chatbot into Telegram.
- The announcement led to confusion because Musk denied any signed agreement, stating xAI had not formalized a deal despite the partnership being agreed in principle.
- The agreement would grant Telegram $300 million through a combination of cash and stock, along with a 50% share of the revenue generated from Grok chatbot subscriptions purchased via its platform.
- Toncoin, Telegram's native token, surged nearly 19% on the partnership news but fell almost 7% to $3.33 after Musk’s clarification that no deal was finalized.
- The situation highlights market sensitivity to the prospective Grok integration and suggests the partnership's formal completion and launch remain pending without a set date.
11 Articles
11 Articles
Toncoin Rises Weekly Despite Grok AI Integration Confusion and Mixed Signals
Toncoin surges then retreats after conflicting messages about Telegram-xAI partnership. RSI drops from 81.55 to 69.47 as buying momentum cools from overbought levels. Golden cross formation suggests potential uptrend toward $3.59 resistance. Toncoin has gained 7.2% over the past seven days despite experiencing sharp price swings caused by confusion surrounding a potential Grok AI integration with Telegram. The volatility began when Telegram foun…
Elon Musk Denies News! Toncoin (TON) Price Dropped as Fast as It Rises!
The post Elon Musk Denies News! Toncoin (TON) Price Dropped as Fast as It Rises! appeared on BitcoinEthereumNews.com. News reported last night that Elon Musk’s artificial intelligence startup xAI had signed a one-year partnership agreement with Telegram to offer the Grok chatbot to Telegram users and integrate it into the application. Under the agreement, xAI will pay Telegram a total of $300 million in cash and stock, while Telegram will also r…
Musk says no deal signed with Telegram despite Grok integration announcement - Coin Surges
Elon Musk stated on May 28 that xAI had not signed an agreement with Telegram to distribute the Grok large language model, despite Telegram founder Pavel Duvov’s announcement earlier on the same day. Durov wrote that he and Musk “agreed to a one-year partnership” that would place Grok inside all Telegram applications and give the chat platform “$300 million in cash and equity,” plus half of every Grok subscription sold through Telegram. Musk re…
Shockwaves Hit TON Coin Price: Elon Musk Denies Final XAI-Telegram Deal
BitcoinWorld Shockwaves Hit TON Coin Price: Elon Musk Denies Final xAI-Telegram Deal The world of cryptocurrency is no stranger to volatility, often reacting swiftly to news, rumors, and statements from influential figures. Recently, The Open Network (TON) experienced this firsthand following news surrounding a potential xAI Telegram deal involving the integration of the Grok chatbot. What Triggered the TON Coin Price Surge? Initial reports fuel…
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