Renamed and up 30% against the trend. Bottom line: This is a news-driven market—don’t chase the rally.
What the bulls are saying:
1) Durov personally announced that Toncoin is being renamed Gram, and Telegram is becoming the network’s largest validator. The official endorsement adds plenty of fuel to the narrative.
2) 24-hour trading volume hit $760 million, up 129% from the previous period. Derivatives activity is low, suggesting genuine spot buying rather than a leveraged pump.
3) It’s up 58% over the past month, but still 74% below its 2024 high of $8.25. There’s plenty of room for a “bounce after a deep decline.”
What the bears are saying:
1) A popular comment on X summed it up: “New name, same chart.” It’s been moving sideways for nearly a year, and a name change won’t fix the fundamentals.
2) Tokens are unlocked regularly every month. The latest unlock was about 46 million tokens (roughly $81 million). Once the positive news fades, that means ongoing selling pressure.
3) Telegram combines validator infrastructure with a powerful brand, raising growing concerns about decentralization. Durov also faces legal risks.
My take: $2.10–$2.30 is the first resistance zone. The odds of getting swept up in the excitement and becoming exit liquidity are far higher than the odds of making a profit. If you really want to get involved, wait for a pullback to the $1.50–$1.60 support zone. In short: the name change tells a new story, but whether Gram is worth buying depends on how much real demand its wallet can convert from Telegram’s 1 billion users.
What the bulls are saying:
1) Durov personally announced that Toncoin is being renamed Gram, and Telegram is becoming the network’s largest validator. The official endorsement adds plenty of fuel to the narrative.
2) 24-hour trading volume hit $760 million, up 129% from the previous period. Derivatives activity is low, suggesting genuine spot buying rather than a leveraged pump.
3) It’s up 58% over the past month, but still 74% below its 2024 high of $8.25. There’s plenty of room for a “bounce after a deep decline.”
What the bears are saying:
1) A popular comment on X summed it up: “New name, same chart.” It’s been moving sideways for nearly a year, and a name change won’t fix the fundamentals.
2) Tokens are unlocked regularly every month. The latest unlock was about 46 million tokens (roughly $81 million). Once the positive news fades, that means ongoing selling pressure.
3) Telegram combines validator infrastructure with a powerful brand, raising growing concerns about decentralization. Durov also faces legal risks.
My take: $2.10–$2.30 is the first resistance zone. The odds of getting swept up in the excitement and becoming exit liquidity are far higher than the odds of making a profit. If you really want to get involved, wait for a pullback to the $1.50–$1.60 support zone. In short: the name change tells a new story, but whether Gram is worth buying depends on how much real demand its wallet can convert from Telegram’s 1 billion users.