Elon Musk and Telegram Deny Partnership Rumors Impacting TON Price

Rumors swirling about Elon Musk’s xAI potentially partnering with the TON blockchain caused significant market volatility, impacting TON tokens price. Both Elon Musk and Telegram CEO Pavel Durov clarified that no official agreement exists between the two entities. Initial reports of a deal sparked speculation and led to a sharp increase in TON’s price before correction following the denial. Experts observe how celebrity influence contributes to market fluctuations in cryptocurrencies.