- Toncoin price jumped below $72,000 on Bitcoin support reconsidered.
- The Bulls took advantage of Telegram-related news about rebranding to the GRAM token to push TON above $2.27.
- If buyers dominate, Toncoin could break above $3.00 next.
Toncoin rose nearly 20% and touched highs of $2.27 on Monday, June 1, as traders digested a surprise rebranding announcement from the founder of Telegram.
TON’s gains came even as Bitcoin and major altcoins fell sharply amidst Institutional capital outflows.
Bitcoin fell to lows near $71,380 after news that Strategy sold 32 bitcoins, its first sale since 2022.
Toncoin’s rise indicates continued market interest in the Telegram-backed TON blockchain despite broader market weakness.
Toncoin price gains amid GRAM rebranding news
The double-digit gains in the price of TON came after the announcement of the rebranding of the original TON blockchain from Toncoin to “Gram.”
The move, expected to be completed within the next three weeks, will restore the Telegram name, which it previously abandoned under regulatory pressure from the US Securities and Exchange Commission.
“Gram was the original name of the TON coin in the first whitepaper,” Durov books. “We are returning to our roots – and starting a new chapter. This renaming will pave the way for what comes next.”
The rebranding is part of the company’s recently published “Make TON Great Again” roadmap, which includes deeper operational engagement by Telegram.
As part of that plan, Telegram revealed its intention to become the primary validator of TON.
Investors view this as a shift that could materially impact network security and on-chain activity.
The community vote on this step is live.
Toncoin (TON) -> Gram (GRAM)
Community voting is live.
Since Telegram took a leading role in developing TON, the chain has become 10 times faster, and fees are 6 times lower.
And now Telegram is proposing another change: renaming Toncoin to Gram – the name from the original TON White Paper that…
– Ton 💎 (@ton_blockchain) June 1, 2026
As was the case then, the price of Toncoin rose on Monday as market participants reacted to the rebranding news.
Many see this as a sign of renewed institutional and consumer alignment between Telegram’s user base and TON’s native token.
Telegram serves more than 950 million users around the world; Linking the token directly to the platform increases the potential utilities and distribution vectors for Gram, ranging from in-app payments to token-based services and developer integrations.
Traders interpreted this announcement as positive for demand for tokens, resulting in a rapid price rise even as macro-driven selling pressure hit the broader cryptocurrency markets.
Toncoin Price Prediction: Will There Be a New All-Time High Next?
Technically, the daily chart of TON shows bullish momentum but with some caveats.
The Relative Strength Index (RSI) on the weekly time frame has risen to 57, indicating strong buying pressure but approaching the overbought zone.
The MACD histogram remains positive, with the MACD line above the signal line, indicating a continuation of the short-term trend.
Together, these indicators point to momentum that could lead to an extension of the rally while warning of the possibility of a pullback or consolidation if momentum is exhausted.
Key levels to watch
If TON settles above the $2.10 support level established during Monday’s session, the next near-term resistance area is located around $3.00.
As the chart shows, this is the level where the bulls can target the trend towards $3.70 (100SMA) and then $6.00. TON’s all-time high exceeds $8.
On the downside, a decisive break below $2.00 would increase the possibility of a deeper bounce.
If the bears break through the lower support levels, a loss of $1.90 could significantly impact the potential for an immediate push towards the previous highs.
Given broader market volatility and ongoing institutional inflows, traders should monitor on-chain activity and Telegram’s next operational moves to ensure the rebrand significantly increases utility and adoption.
