TON Price Spikes 12% on Telegram-xAI Hype, Drops After Elon Musk Denies Deal

The TON token experienced a dramatic price swing this week, rising nearly 12% before falling sharply, after conflicting signals emerged about a rumored partnership between Telegram and Elon Musk’s artificial intelligence startup, xAI. The initial rally began when reports surfaced that Telegram was seeking to raise $1.5 billion through a bond sale, reportedly drawing interest…

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