This week, Toncoin attracted significant attention in the crypto world. The digital token thrived following two positive news announcements associated with Telegram. It is essential to note that Toncoin is the native token of The Open Network, which serves as Telegram’s blockchain infrastructure. However, the situation took a turn when Elon Musk denied news regarding a partnership between Telegram and xAI. This denial led to a decline in Toncoin’s value as the market reacts to these developments.