Lawrence Jengar
Jun 02, 2026 04:56
Toncoin (TON) rebrands to Gram, its unique identify, as Telegram reshapes The Open Community’s future. TON value jumps 11.33% to $2.10.
The Open Community (TON) introduced plans to rebrand its native cryptocurrency Toncoin (TON) again to its unique identify, Gram (GRAM), signaling a return to the challenge’s roots underneath Telegram’s management. This transfer comes as Telegram solidifies its position as the first driver and largest validator of the blockchain. The rebranding course of is anticipated to take three weeks and doesn’t contain any token migration or technical adjustments.
“Gram was the unique identify of TON’s forex within the first white paper,” Telegram founder Pavel Durov posted on June 1, including that the change is a part of the “Make TON Nice Once more” roadmap. The roadmap contains key upgrades like April’s Catchain replace, which improved blockchain pace and lowered transaction charges, in addition to Telegram’s current governance takeover from the TON Basis in Might 2026.
The choice to revive the ‘Gram’ identify highlights a full-circle second for the challenge. Initially launched in 2018, the Gram token was derailed by a U.S. SEC lawsuit that pressured Telegram to desert its $1.7 billion preliminary coin providing (ICO) in 2020. Neighborhood builders later revived the challenge underneath the TON Basis, renaming the token Toncoin (TON). Telegram’s re-engagement with the ecosystem over the previous two years has now culminated on this rebranding effort.
In response to a vote initiated by The Open Community, 80% of pledged TON tokens have supported the rebrand up to now. Notably, there shall be no adjustments to token balances, addresses, or good contracts as a part of the transition, guaranteeing a seamless course of for holders and builders.
The market has responded positively to the information. Toncoin’s value surged over 15% following Durov’s announcement, rising from $1.95 to $2.25 on Monday night earlier than retracing barely to $2.10 by Tuesday morning. As of June 2, TON has gained 11.33% within the final 24 hours, pushing its market capitalization to $5.61 billion, based on CoinGecko.
Whereas the token stays far beneath its all-time excessive of $8.25 from June 2024, the rebranding and Telegram’s expanded position have reignited investor curiosity. Analysts counsel the transfer may pave the best way for broader adoption as Telegram integrates blockchain options like funds, mini-apps, and digital possession instruments into its messaging platform, which boasts over one billion customers.
The rebrand to Gram marks a strategic push to align the token with Telegram’s imaginative and prescient of a Web3 “tremendous app.” With no rapid technical adjustments required, the main target now shifts to how Telegram leverages its affect to develop the TON ecosystem and produce blockchain capabilities to mainstream customers.
Merchants shall be watching carefully because the Gram transition progresses, particularly given the market’s sturdy response to Telegram’s governance strikes in current months. With the rebranding set to conclude inside weeks, additional value actions may mirror investor confidence in Telegram’s capability to ship on its formidable Web3 objectives.
Picture supply: Shutterstock
