Telegram Update: Elon Musk Refutes Agreement

A purported agreement to integrate xAI’s Grok into Telegram has reportedly not been finalized, contrary to earlier news, leading to a decline in the value of TON, which had recently experienced an upswing.

In a response to the Telegram founder’s prior announcement, Musk clarified late Wednesday that “No deal has been signed.”

Following Musk’s tweet, TON, which is linked to Telegram, saw its price drop from $3.60 to $3.40. The token had initially surged during the announcement period, boasting a 14% increase on that day, as per market analysis data.

Further developments are expected soon.