The transition will last approximately 3 weeks, Durov commented.
The crypto asset registers an increase of 13% in the last 24 hours.
The cryptocurrency toncoin (TON) will be renamed gram (GRAM), as announced today, June 1, 2026, by Telegram founder Pavel Durov. This identity modification will apply exclusively to the crypto asset, while the network where it lives will maintain intact the official name of The Open Network (TON).
Through a message on your channel of Telegram, Durov said that The idea is to return “to its roots” and start “a new chapter”in addition to ensuring that “this change of image will pave the way for what comes next.”
It is projected that the definitive replacement of the name will take three weeks for its full implementation in the markets.
The name change report shot up the price of the cryptocurrency 13% in the last 24 hours. The digital asset reacted immediately in the markets and went from being quoted from $1.93 to $2.2 per unit.
The change rescues the name of the cryptocurrency that was originally issued through a private initial coin offering (ICO) in 2018. This project had subsequent regulatory conflicts, which slowed the launch of gram, as reported by CriptoNoticias.
This transformation represents the fourth step of a total of seven stages contemplated in Durov’s strategic plan. The roadmap, formally titled by the founder as “Make TON Great Again” (MTONGA), seeks to deeply restructure the technical and operational components of this infrastructure.
Previously, the plan advanced with three stages key that Durov himself announced on April 9. The first step consisted of the Catchain 2.0 consensus update, completed on April 10, 2026, which optimized central transaction processing.
This improvement reduced block generation times from 2.5 seconds to 400 milliseconds, increasing the overall speed of the network by ten times. Subsequently, the second step completed the reduction of transaction fees to a fixed rate of 0.00039 TON for each executed trade.
Likewise, the third phase determined that the Telegram corporation would replace the TON Foundation as the main operating engine of the network. In this way, the messaging application formally became the largest validator by amount of funds blocked as a security guarantee.