TON Sees Surge in Long Positions as Traders Bet on Telegram’s Partnership

Telegram’s TON cryptocurrency experienced a significant increase in long positions from traders, signaling growing confidence in the token’s future. The recent news of Telegram’s partnership with Grok AI appears to be driving this shift, with open interest for TON futures surging rapidly. This surge follows a price revival for TON, which has seen over 11% growth in the past 24 hours, reaching $3.30. Experts note that although long positions indicate optimism, they do not guarantee sustained price increases for TON. Past volatility and price drops have been observed due to counter-traders attempting to liquidate their positions.