Toncoin (TON) roared higher on Monday, climbing about 11% and pushing above roughly $2.30 earlier in the day before cooling slightly. The jump came after Telegram founder and CEO Pavel Durov announced that The Open Network’s native token will be renamed from Toncoin to “Gram” over the next three weeks.
TON Shift To ‘Gram’
Durov said the rebranding is more than marketing. “TON’s native currency is becoming Gram,” he wrote, adding that “Gram was the original name of TON’s currency in the first white paper.”
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In his message, he described the move as a return to the network’s roots and the start of what he called “a new chapter.” He also framed the rename as “step 4 of 7 to Make TON Great Again,” referring to a broader roadmap he has disclosed in his personal Telegram channel since May.
Durov stated that the blockchain will remain called TON, and that
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