Last night, $TON surged over 20% when Pavel Durov announced that Tele.gram had completed negotiations for a partnership with Elon Musk's xAI.
Pavel Durov stated that this deal would bring Tele.gram $300 million in cash and equity from xAI, along with 50% of the subscription revenue generated through the platform.
However, this morning, Elon unexpectedly announced that the two parties had not yet signed any official agreements, and this information caused $TON to drop sharply by 15% from yesterday's peak.
This is the nature of crypto; traders like to Fomo, while influencers always know how to ""manipulate"" the token prices.
