The price of Toncoin (Ton) rises as Telegram secures a $300 million deal for artificial intelligence with Elon Musk's company Xai.
Toncoin (Ton) experienced a sharp price increase following a new partnership between Telegram and Elon Musk's AI venture, Xai. The deal represents a major move by Telegram to expand beyond messaging into artificial intelligence. Investors quickly responded to the announcement, sending Ton up more than 15% within hours. This rise comes amid growing interest in integrating AI within social platforms. The collaboration also strengthens Telegram's financial resources and places Toncoin in greater focus. Pavel Durov, CEO of Telegram, confirmed the $300 million deal, which is a one-year agreement with Xai, leading to the integration of Grok AI into Telegram's ecosystem.
Durov shared that the platform will receive $300 million in cash and equity from Xai. Additionally, Telegram will earn 50% of all Grok subscriptions sold through the app. According to Durov, this AI rollout will be available to over a billion users this summer. The announcement led to a doubling in the price of Ton, raising it from around $2.94 to $3.66. At the time of publication, Coingecko reported Ton trading at $3.44 with over $787 million in 24-hour volume.
Chart analysis from TradingView, shared by Binance user Pampa1, indicates bullish momentum in the TON/USDT pair.
After rebounding from $3, Toncoin is now heading towards major resistance areas at $3.64, $4.20, and $4.66. These levels could push short-term gains of 20%, while medium- and long-term targets range between 55% and over 100%.
This upward trend is followed by several bullish catalysts, as market watchers closely track price movements near the $7.86 level. If TON breaks this barrier, analysts believe it could retest its all-time high of $8.24 and target $10.
■ Whale activity boosts market confidence
According to Pampa1, major TON holders have been actively accumulating TON, adding over 45 million tokens in the past week.
At current values, this is equivalent to approximately $346.5 million in added positions. This volatile behavior indicates increasing confidence in the future price trajectory of Toncoin.
This pattern aligns with the prevailing optimism regarding Telegram's new financial and AI strategy. The correlation between Toncoin and Telegram continues to grow as strategic moves evolve.
The TON Foundation recently launched a $5 million Toncoin DeFi rewards program to enhance the liquidity of the USDt-TON pair. This initiative aims to reward providers across key pools and expand the network's decentralized finance ecosystem.
Alongside Telegram's announcement regarding artificial intelligence, these incentives help Toncoin solidify its position in the technology and finance sectors.
