TON token to revert to original name Gram, sparking 18.75% price surge after Telegram's rebrand announcement

Telegram founder Pavel Durov announced that the TON network's native token will be renamed back to its original name, Gram, as defined in the project's first white paper. This rebranding separates the token from the TON blockchain network, which will keep its name. The change, expected to take about three weeks, requires no token swap and will not affect user balances or staking positions. Following the announcement, TON's price surged 18.75% to $2.19, reflecting market enthusiasm for the restored Gram identity and Telegram's increased involvement in the ecosystem. This move simplifies the branding and aligns TON with common blockchain naming conventions, while Telegram continues to expand blockchain features linked to its messaging platform.