Telegram's $1.5 billion bond raise with a 9% yield and 20% IPO discount is attracting institutional giants like BlackRock and Citadel, indicating a move towards an IPO.
Proceeds from the bond sale will be used to retire Telegram's 2021 bonds maturing in 2026, sparking bullish sentiment around the ecosystem, including Toncoin.
Telegram CEO announced a strategic partnership with Elon Musk's xAI, integrating AI product 'Grok' into Telegram platform, monetizing Telegram more aggressively and boosting Toncoin's value.
Toncoin is experiencing a bullish technical breakout, with analysts targeting a horizontal resistance at $4.55, expecting a 39% increase from the breakout point.