{"content":"🚀 Toncoin Skyrockets After Telegram’s $300M Grok AI Power Move Telegram's native token, Toncoin, rises double-digits as market consolidation continues. Telegram pays Elon Musk's xAI $300 million to add Grok AI into the chat service. TON Foundation hires former Visa executive Nikola Plecas as vice president of payments to optimize platform infrastructure. A strategic partnership between the Ton Foundation and Elon Musk's xAI is driving Toncoin (TON) prices to $3.35 on Wednesday. Ton Foundation joins Musk's xAI Telegram's Open Network Foundation (TON Foundation) has partnered with Elon Musk's xAI to incorporate Grok AI into the platform. The one-year cooperation will provide Grok to billions of Telegram users, according to Telegram founder and CEO Pavel Durov's X post. Durov said Telegram would get $300 million in cash and shares from xAI and 50% of subscription income from the chat service. Telegram wants to raise up to $1.5 billion with a bond issue sponsored by BlackRock, Mubadala, and Citadel. Ton Foundation plans to repurchase Telegram's 2021 bond issuance debt. Over 1 billion people use Telegram. Profit was $540 million, while sales exceeded $1.4 billion in 2024. Plecas will lead ecosystem infrastructure design, development, and scaling to define and simplify the Ton Foundation's worldwide payment strategy. “With a focus on interoperability, reliability, and innovation, he will collaborate closely with ecosystem partners to deliver new payment rails and expand global access to TON-based financial products,” the Ton Foundation said. Toncoin rose over 13% to $3.35 after the announcement, particularly the relationship with xAI. The 12-hour 200-period Exponential Moving Average (EMA) around $3.45 represents resistance for TON, which is trading at $3.35. A daily close above this level is needed to determine TON's uptrend strength and the possibility for a breakthrough over $3.50, highlighted in red on the chart. #TON #Grok #Telegram $TON ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025052025/05/28/2e1c49520dc2434e812f574504ee3416.png"],"tags":[],"tradingPairs":["TON/USDT"],"quotearticleid":0}