What Changed: TON Is Now GRAM
The native asset of The Open Network has been renamed from Toncoin (TON) to Gram (GRAM). This is a pure branding update — name, ticker, and logo only. There is no new contract, no token swap, no bridge, and no migration step of any kind . The blockchain itself stays "The Open Network," still abbreviated TON; only the coin that appears in wallets and on exchanges carries the new label.
The change was ratified on-chain. A TON Vote governance referendum, with the proposal submitted by Telegram as a verified organization, opened June 1 and closed June 8, 2026, passing with 81.22% in favor . The new name reverts to "Gram," the original label Telegram chose in its 2018 TON white paper.
For holders, the practical answer is simple: do nothing. A balance of 10 TON now displays as 10 GRAM at a 1:1 ratio, and nothing resets. According to the official rebrand notice republished by Bitget, the following remain fully continuous:
- Wallet balances and addresses
- Smart contracts, NFTs, and Jettons
- Staking and DeFi positions
- Price history and deposit/withdrawal rails
The switch took effect at 12:00 UTC on June 15, 2026, with ecosystem projects — exchanges, wallets, explorers, and data providers — coordinating updates and targeting full consistency by June 22, 2026 . One warning carries over from the official announcement: any site, bot, or message asking you to "claim GRAM," "convert TON," or "migrate" to a new contract is fraudulent. There is no legitimate migration, so never connect a wallet to a "claim" page or share your seed phrase .
Price Action: Why the $2.20 Spike Reversed
The rebrand was a sell-the-news event, not a rally. Toncoin briefly spiked to roughly $2.20 on the June 1 announcement, then reversed the entire move, trading near $1.52 by June 5 . A naming and ticker change adds no new protocol utility, supply mechanics, or demand driver — so the initial pop had little fundamental support beneath it.
The decline came with weak participation. By the June 5 check, the token was down about 10.54% in 24 hours and 13.31% on the week, while volume contracted 37.4% to roughly $282.88 million . Falling price on shrinking volume signals thin conviction: the spike drew exit liquidity more than fresh buyers.
The same report flagged a broader downtrend from an early-May high near $2.88, with key support around $1.20 . The vote itself changed branding, not balance sheets — so technical levels, not headlines, are doing the work now.
As of June 16, the asset trades near $1.69–$1.70 with a market cap around $4.5 billion . That is a recovery off the post-announcement low, but still well below the early-May peak. Current spot pricing should be reconfirmed at publish time, since data providers are relabeling at different speeds.
Retail interest is notable even without a price breakout. One Telegram-focused crypto channel framed the rename as the coin "making a comeback," reflecting renewed attention on the asset's Telegram-native positioning rather than a confirmed trend reversal (video: 코인랩스 l 구삼). For traders, the practical read is simple:
- No new fundamentals. A branding vote creates no additional demand — treat the move as sentiment-driven.
- Watch the $1.20 zone. Cited as key support; a break below would invalidate the recovery thesis .
- The $2.88 high is the ceiling. Until it is reclaimed, the structure stays lower-high.
Exchange Mechanics: Where Open Orders Were at Risk
Most exchanges handled the rename on the back end, relabeling pairs like TON/USDT to GRAM/USDT without touching balances, deposits, or withdrawals . For the typical holder on a custodial platform, no action was required — the coin in your account is the same asset under a new ticker. The risk sat with one specific group: traders holding live spot or margin orders on the old TON pairs during a venue's cutover window.
Approaches diverged. Bybit published a support notice confirming the relabel and ticker change with no disruption to active trading . Bitget ran a harder migration: it delisted spot pairs TON/USDT, TON/USDC, and TON/EUR around 10:00 UTC on June 15, then reopened them under the GRAM ticker at 12:00 UTC the same day .
During that roughly two-hour pause, Bitget warned that unfilled orders could be auto-cancelled and margin positions potentially auto-liquidated, advising users to manage open orders in advance. Deposits and withdrawals stayed unaffected . The practical takeaway for active traders: check your specific exchange's notice before assuming a seamless rename.
| Venue | Mechanic | Order risk |
|---|---|---|
| Bybit | Back-end relabel, trading uninterrupted | None reported |
| Bitget | Delist ~10:00 UTC → relist GRAM 12:00 UTC, Jun 15 | Open orders auto-cancelled; margin may auto-liquidate |
Data providers also lagged unevenly, which matters for portfolio trackers, tax tools, and watchlists. CoinGecko redirected the former Toncoin page to "Gram (prev. Toncoin)" under ticker GRAM, with a market cap near $4.48B and circulating supply around 2.7B GRAM . CoinMarketCap still titled the page "Toncoin" but posted a rebrand notice .
One trap to avoid: CMC hosts a separate, unrelated "Gram" token under ticker GRM. To confirm you are viewing the TON native asset, check the UCID 11419 identifier rather than the name alone .
What to Watch Through June 22
The rename mechanics are settled; the open risks now are operational and social. Three things deserve a trader's attention over the next week, and none of them require touching your holdings. Your balance, addresses, and contracts are untouched — but the environment around the ticker is still in flux until the ecosystem reaches full consistency on June 22, 2026 .
- Scam surge is live. The official announcement is explicit: any site, bot, or message asking you to "claim GRAM," "convert TON to GRAM," or "migrate TON" is fraudulent — no legitimate migration step exists . Do not connect wallets to "claim" sites or share seed phrases or private keys.
- Label discrepancies are normal until June 22. Providers may legitimately show "TON," "GRAM," or "Gram (prev. Toncoin)" during the staggered rollout . A mismatch alone is not a red flag.
- Price levels carry over. The chart structure flagged earlier — roughly $1.20 support and overhead resistance near the early-May high around $2.88 — remains relevant under the GRAM ticker .
- Tooling may need manual fixes. Portfolio trackers, tax tools, and exchange APIs may require watchlist or symbol updates until GRAM is universally indexed.
The scam warning echoes a caution Pavel Durov has voiced before. In his May 12, 2020 post, he wrote that Telegram's active role in the project was over and warned "against projects" that "use my name or the TON brand to promote their projects" — language worth remembering as bad actors exploit the rename now.
The takeaway is narrow: this is a ticker and branding event, not a token swap. Sit tight, ignore "migration" prompts, watch your own exchange's status page, and treat label inconsistencies as transitional noise until the June 22 consistency target passes.
Frequently asked questions
Do I need to swap or migrate my TON to GRAM?
No. No action is required. The rebrand is a name and ticker change only — not a token swap, bridge, or migration — so a balance of 10 TON simply displays as 10 GRAM at 1:1 . Balances, addresses, contracts, and staking positions all stay continuous. The official notice carries an explicit warning: any site or bot asking you to "claim GRAM" or "migrate TON" is fraudulent — never connect a wallet to a "claim" page or share your seed phrase .
Why did the price drop after an 81.22% approval vote?
This was a sell-the-news move, not a rally. According to BanklessTimes, the token briefly spiked to about $2.20 on the June 1 announcement, then reversed to roughly $1.52 by June 5 as 24-hour volume fell 37.4% to around $282.88 million . The 81.22% vote approved a branding change; it created no new demand fundamentals .
My exchange or wallet still shows TON — is something wrong?
No. Platforms are rolling out the relabel on individual timelines, with the ecosystem targeting full consistency by June 22, 2026 . During the transition you may see "TON," "GRAM," or "Gram (prev. Toncoin)" depending on the venue. The underlying balance, deposit and withdrawal rails, and all trading activity are unaffected by the label delay — it is transitional noise, not an error .
Is the 2026 GRAM connected to Telegram's 2018 Gram ICO?
Same original name, different context. The 2018 Gram was blocked by U.S. regulators: in October 2019 the SEC said Telegram had raised more than $1.7B selling about 2.9B Grams , and in June 2020 Telegram settled, returning more than $1.2B to investors and paying an $18.5M penalty . The 2026 GRAM is a separate, community-voted ticker rebrand of the live TON blockchain's native asset, distinct from that cancelled sale.
How do I verify I'm looking at the real GRAM and not a similarly named token?
Check the provider's identifiers, not just the name. On CoinGecko, the former Toncoin page now redirects to "Gram (prev. Toncoin)" with ticker GRAM . On CoinMarketCap, confirm UCID 11419; a separate, unrelated token also named Gram (ticker GRM, much smaller price) exists at a different URL, so the UCID is the safest check .
