Key Highlights
- Pavel Durov proposed renaming Toncoin to Gram as part of the MTONGA roadmap, with rollout expected within about three weeks.
- The rebrand revives the token’s original name from TON’s early whitepaper while leaving the blockchain and user assets unchanged.
- TON rose about 15%, while trading volume jumped 135% following the announcement.
Toncoin, the native token of the TON blockchain, surged about 15% today after Telegram founder Pavel Durov proposed changing the token name from Toncoin to Gram as part of a wider plan.
The announcement was shared on Monday through Durov’s official Telegram channel, where he said, “TON’s native currency is becoming Gram.”
He explained that this change is meant to bring the project back to its original idea and connect it to his “Make TON Great Again” (MTONGA) roadmap, where the renaming sits as step four of a seven-step plan. The change is expected to take around three weeks to roll out fully.
Return to TON’s original identity
The Gram name itself is not new. It traces back to the original name planned for the token when the project was first designed in the early whitepaper.
Back then, Telegram wanted to build its own blockchain system, but in 2020, the project ran into legal problems with the U.S. Securities and Exchange Commission (SEC). Because of that, Telegram stepped away from direct control of the project, and the network continued on its own under the name TON.
Even though the name changed to Toncoin later, developers say the name “Gram” was never fully removed from the system code. This means the shift does not require any migration of assets or disruption to user accounts.
The company confirmed that nothing about the technical side of the network will be affected. Wallets, user balances, addresses, NFTs, staking systems, and DeFi apps will all stay the same. Users do not need to move funds or do anything during the change.
The TON team also said the network has improved in recent times. They claim performance has increased a lot, with the system becoming faster and transaction fees going down by around six times. This is part of a push to make the network more usable and efficient.
TON price surges 15% in 24 hours
The market reacted quickly to the news. TON initially gained around 9% before extending its rally beyond 15% during the day. At the time of writing, TON was trading near $2.16 after briefly climbing above $2.18.
Trading activity has increased by approximately 135% within just 24 hours, pushing the volume to about $652 million, while the market cap sits at $5.78 billion.
Market outlook
Before the announcement, TON had been consolidating as its price struggled to sustain upside momentum. The token had already rebounded from a support zone around $1.80, where buyers defended the level and prevented further downside.
After the news, the price moved back above $2 and started forming higher lows, which shows the market may be turning more positive in the short term.
Now, TON is facing a new target of $3. However, the price needs to maintain this momentum to get there. If it can stay above the $2 range, it could continue rallying up to $2.80 and $3.00, where the price previously faced pressure.
If it breaks above that zone, the next target could be around $4. However, if the price falls below $1.80 again, the recovery may slow down and weaken.
Moreover, the Relative Strength Index (RSI) is currently at 73, approaching the overbought level, but still has room for more growth.
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