Alright, things are getting interesting with Telegram’s TON token. Suddenly, traders are piling into long positions like there’s no tomorrow.
See, after the news, or more like rumors dropped about Telegram partnering with Grok AI, everyone started believing in TON again. Confidence, baby.
That’s what drives this game. But are they too optimistic?
Telegram AI integration rumors bring the confidence
We’re talking over 75% of all open interest on TON is now for long positions. That’s a sea change from where things were just days ago.
Glassnode said futures open interest has skyrocketed, showing everyone’s jumping on the bandwagon.
But don’t get too cocky, this ain’t a sure thing. TON has been known to take a beating when the sharks come out to liquidate positions.
Now, TON’s up over 11% in the last day, hitting $3.30. It’s been drifting sideways, kinda lost, but the Grok AI news gave it a shot in the arm.
You see, despite being the only crypto on Telegram and its native wallet, TON needed a boost. This partnership? It’s like a shot of espresso straight to the heart.
Price performance
People are hoping for a breakout, maybe even hitting $3.70. TON’s back to Q2 levels, showing it can break free.
It’s trading near the high end of its range for the past month, and after that vertical jump on Wednesday, traders are feeling good about this rally continuing.
TON trading volumes have exploded to the highest level in three months, topping $1.3 billion.
In the past, TON danced to its own beat, offering gains when the rest of the market crashed.
Now, most of the trading is happening on MEXC and Binance. That can mean a breakout or another crash back down to earth.
Some people are even dreaming of TON hitting $10, fueled by these new Telegram features. TON’s been suffering from the altcoin blues, but this could change everything.
Telegram payments
See, Telegram’s trying to step up its game and grab a piece of the U.S. market after losing interest in Web3 stuff.
They banned those Chinese escrow services that were causing trouble with money laundering.
Telegram’s pushing its social media and NFT features, and wants to be the go-to for legit payments.
They even hired Nicolas Plecas from VISA’s crypto team to lead their global payment strategy. The guy knows his stuff, compliance and all.
🚨Big move in Web3 payments: TON Blockchain just named @nikola_plecas as VP of Payments!
He’s not just any hire. Nikola helped shape Visa’s global crypto strategy. Now he’s bringing that expertise to TON to scale payments for Telegram’s 1B+ users.
He’ll focus on:
⚙️… pic.twitter.com/Wsgknwmt9U— TON 💎 (@ton_blockchain) May 28, 2025
With over a billion users, Telegram’s been testing payment options for years. Now, they’re doubling down.
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