Last night, $TON surged over 20% when Pavel Durov announced that Tele.gram has completed negotiations for collaboration with Elon Musk's xAI.
Pavel Durov stated that this deal will bring Tele.gram $300 million in cash and equity from xAI, along with 50% of the revenue from subscriptions sold through the platform.
However, this morning, Elon unexpectedly announced that there has been no official signing between the two parties, which caused $TON to drop sharply by 15% from yesterday's peak.
That's the nature of crypto; traders love to FOMO, while influencers always know how to ""inflate"" the token price.
