PANews reported on May 29 that according to CoinDesk, Telegram founder Pavel Durov previously said that he had reached a cooperation intention with Musk and planned to introduce xAI's Grok artificial intelligence technology to Telegram this summer to provide services to more than one billion users and integrate it into all applications. The news once pushed the price of Telegram's related token TON up 14%. However, Musk tweeted on Wednesday night to clarify: "No agreement has been signed." As soon as this statement came out, the price of TON fell from $3.60 to $3.40.