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Gram price drops 7.2% on Oct 23 due to cash market sell-off, not leveraged liquidation cascade

Market News
26 Oct 2026
CryptoTicker
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Bearish
Gram price drops 7.2% on Oct 23 due to cash market sell-off, not leveraged liquidation cascade

Gram (formerly Toncoin) fell from $1.33 to $1.157 on October 23, 2026, closing at $1.221, a 7.2% drop largely driven by increased spot market selling rather than futures liquidations. Analysis of WhiteBIT exchange data shows spot turnover exceeded futures turnover on the sell-off days, and the spot price low was below the futures low, indicating the price decline was not caused by a leveraged liquidation cascade. Since then, Gram's price stabilized around $1.25 with market capitalization at $3.55 billion, ranking 31st among cryptocurrencies. Investors should watch key price levels at $1.30 and $1.20, and consider the upcoming Federal Reserve decision on October 28, which could increase volatility in smaller coins like Gram.

While Gram's USD price fell notably on October 23, on Pluang as of October 26, 2026, 13:41 WIB, Gram trades at Rp22,151 with a modest 1.12% decline over one day. Its market cap on Pluang stands at Rp62.99 trillion, contrasting with the article's $3.55 billion figure, highlighting differences in currency and scale. The balanced 50% sell and 50% buy order activity and a typical hold time of 11 days suggest steady trading interest despite recent volatility.

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