🚀 Toncoin Skyrockets After Telegram’s $300M Grok AI Power Move
Toncoin (TON) is making headlines with a double-digit surge, jumping to $3.35 on Wednesday as Telegram partners with Elon Musk’s xAI to integrate Grok AI into its chat service. The strategic deal involves a $300 million payment to Telegram in a mix of cash and equity, plus a 50% cut of subscription revenue—a move that's turning heads across the crypto and tech world.
According to Telegram CEO Pavel Durov, this one-year cooperation will bring Grok AI to billions of Telegram users, enhancing the app’s functionality and opening new monetization channels. As part of its growth strategy, Telegram is reportedly seeking to raise up to $1.5 billion through a bond issue backed by BlackRock, Mubadala, and Citadel, while the Ton Foundation plans to repurchase Telegram’s 2021 bond debt.
To strengthen its infrastructure, the TON Foundation has also onboarded former Visa executive Nikola Plecas as Vice President of Payments. His mission? To scale and simplify the global TON payment ecosystem, emphasizing interoperability, reliability, and innovation. Plecas will work with partners to roll out new TON-based financial rails across the world.
Technically, TON is showing strength but faces resistance at the 12-hour 200 EMA ($3.45). A daily close above this level could confirm a breakout beyond $3.50, paving the way for further gains.
With over 1 billion users, $1.4B in 2024 revenue, and a profit of $540M, Telegram is turning TON into more than just a token—it’s becoming a crypto powerhouse.