Elon Musk Denies Telegram-Grok Deal After Durov’s Post, Toncoin Reacts

Elon Musk has apparently denied the ‘confirmed deal’ between Telegram and X AI Grok. A social media comment from the Tesla founder has thrown the community into disarray. 

Hours after Durov posted that Telegram and xAI had agreed to a one-year partnership to integrate Grok across all Telegram apps, Elon Musk publicly denied any formal agreement.

Elon Musk Responds: ‘No Deal Has Been Signed’

Durov’s earlier post claimed the integration would roll out this summer, bringing Grok’s AI capabilities to Telegram’s billion-plus users and strengthening the platform’s financial position. 

The announcement initially sparked excitement across the Toncoin (TON) community, driving the token up over 10% to $3.45. At 22:29 UTC, Musk responded directly on X: “No deal has been signed.” 

No deal has been signed

— Elon Musk (@elonmusk) May 28, 2025

The price of TON quickly reversed course. Within 30 minutes, it fell sharply from $3.45 to $3.27. The 1-hour chart now shows a steep downturn, even as the token remains up 8% on the day. 

Without clarification from either party, the market could see further downside.

Toncoin Daily Price Chart. Source: TradingView

The conflicting messages have unsettled investors. While Telegram has yet to issue an official follow-up, the lack of alignment between the two tech leaders is raising concerns about credibility and communication breakdowns.

Toncoin, which is closely tied to Telegram’s blockchain ecosystem, often reacts to developments within the app. 

If the Grok integration does not materialize, some traders anticipate a larger correction as speculative interest unwinds.