Toncoin, the cryptocurrency native to The Open Network, is no more — at least in name. The token has been rebranded to Gram, its original name, as Telegram moves to take control of the blockchain project. The price climbed 11.33% to $2.10 after the announcement.
A return to the original name
The Open Network was originally developed by Telegram before a legal fight with U.S. regulators forced the messaging giant to step back. The network later relaunched under a community-led foundation, and the token was called Toncoin. Now Telegram is back in the driver's seat, and the token is reverting to Gram, the name it carried in its early days. It's a symbolic shift that puts Telegram’s stamp back on the project.
Market reaction
Investors responded quickly. The price of the token rose more than 11% to $2.10, recovering some ground after a period of stagnation. The jump shows that traders see Telegram’s involvement as a positive signal — at least in the short term. Whether the move will sustain momentum is uncertain, but the immediate market read was clear: this isn’t just a cosmetic change.
The cryptomarket is known for volatile reactions to news, and the Gram rebrand is no exception. The 11.33% gain outpaced most major coins on the day, placing the token among the top movers.
What Telegram’s control means
Telegram hasn’t detailed its plans for The Open Network yet. But taking control after years of distance suggests a bigger role ahead. The network’s technology — including a fast, scalable blockchain and built-in payments — could become more tightly integrated with Telegram’s messaging platform, which has hundreds of millions of users. That kind of reach is rare in crypto.
For now, the rebranding is the headline. Gram is back, and Telegram is steering the ship. How far it will go remains an open question — but the network just got a name and a boost.
