TON jumps 16% as Telegram gets $300M plus xAI equity to integrate Grok

Telegram is no longer just a privacy-first chat app for crypto bros. With a dramatic one-two punch, a $300 million alliance with Elon Musk’s xAI and a $1.5 billion high-yield bond raise, Telegram has moved from insurgent platform to profit engine.

TON jumped 15% after Durov confirmed the collaboration.

Yet its future, including IPO prospects, remains hostage to a legal tangle playing out in French courts.

In a headline-grabbing move, Telegram announced an exclusive distribution agreement with xAI that will embed Grok, Musk’s LLM chatbot, into the platform for one year. The terms: xAI will pay $300 million in cash, as well as equity and 50% of all Grok-related subscription revenue generated through Telegram.

“Together, we win