Telegram's crypto rebrands to 'Gram' and surges 15% — catch the momentum as adoption narrative builds
The Open Network, the blockchain tied to Telegram, is rebranding its Toncoin token to 'Gram' — a name linked to Telegram's original crypto vision. The token already jumped 15% on the news.
Idea
Telegram founder Pavel Durov is personally backing this rebrand to 'Gram,' which was the original name of Telegram's planned cryptocurrency before regulatory issues shelved it. This isn't just a name change — it's a signal that Telegram is fully committing its 900+ million user base to this blockchain. The 15% jump on the announcement shows the market is excited, and rebrand/narrative trades in crypto tend to have follow-through as new buyers discover the story. While broader crypto funds are seeing outflows, tokens with strong standalone catalysts can keep climbing even when the sector cools off.