- Toncoin price jumped as Bitcoin re-visited support below $72,000.
- Bulls took advantage of news related to Telegram about the change in the GRAM token to push TON above $2.27.
- If the buyers rule, Toncoin may go above $3.00 next time.
Toncoin rose nearly 20% to $2.27 on Monday, June 1, as traders shared a surprising announcement from the founder of Telegram.
TON’s gains came despite Bitcoin and major altcoins falling sharply in the middle Capital outflow.
BTC fell sharply near $71,380 after the news that Strategy sold 32 BTC, its first sale since 2022.
Toncoin’s rise reflected sustained market interest in the Telegram-backed blockchain despite market weakness.
The price of Toncoin at the current price of GRAM
The double-digit gain in the price of TON followed the announcement that the token of the TON blockchain will be changed from Toncoin to “Gram.”
The move, which is expected to be completed in the next three weeks, will restore the Telegraph’s name which was previously abandoned under pressure from the US Securities and Exchange Commission.
“Gram was the original name of the TON currency in the first white paper,” Durov he wrote. “We’re going back to our roots – and starting a new chapter. This change will pave the way for what’s to come.”
The recycling is part of the “Make TON Great Again” road that the company has recently released, which includes a deep involvement of the Telegraph.
As part of the plan, the Telegraph revealed its intention to become TON’s main guarantor.
Marketers see this as a change that could affect network security and chain services.
A public vote on the trip is underway.
Toncoin (TON) -> Gram (GRAM)
Community polls are live.
Since Telegram played a major role in the growth of TON, the chain earned 10x faster, fees 6x lower.
And now Telegram offers one more change: to convert Toncoin to Gram – a name from the TON white paper that has not yet started…
– TON 💎 (@ton_blockchain) June 1, 2026
As was the case at the time, Toncoin’s price rose on Monday as market participants reacted to the rebrand news.
Many see this as a sign of the restructuring of organizations and consumers among Telegram users and the TON token.
Telegram serves more than 950 million users worldwide; tying the token directly to the platform expands the vectors that can be used by Gram’s distribution, from in-app payments to token-based services and app integration.
Traders interpreted the announcement as positive for the demand for the tokens, which led to a rapid rise in prices even as the massive sell-off made the crypto market stronger.
Toncoin price trends: Is the new coin always on the rise?
Technically, the daily TON chart shows a bullish trend but with a caveat.
The relative strength indicator (RSI) during the weekly period has risen to 57, indicating strong buying pressure but approaching an overbought zone.
The MACD histogram remains positive, with the MACD line above the signal line, indicating a long-term continuation.
These signs together point to an increase that can increase the meeting while warning that recovery or reconnection is possible if the power is lost.
Important parts to watch
If TON is above the $2.10 support established during Monday’s trading session, the next long-term target is around $3.00.
As the chart shows, this is the level above which bulls can target $3.70 (100SMA) and then $6.00. TON’s all-time high is above $8.
On the other hand, a definite break below $2.00 would increase the chance of a deep return.
If the bears break the lower support levels, a loss of $1.90 could significantly affect the possibility of the same push that is already higher.
Considering the volatility of the market and the movement of the people in the movement.
