![\"\"](\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/06\/Toncoin.png\")
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- Toncoin price jumped as Bitcoin revisited support below $72,000.<\/li>\n
- Bulls took advantage of Telegram-related news of a rebrand to GRAM token to push TON above $2.27.<\/li>\n
- If buyers dominate, Toncoin could edge past $3.00 next.<\/li>\n<\/ul>\n
Toncoin rose by nearly 20% and touched highs of $2.27 on Monday, June 1, as traders digested a surprise rebrand announcement from Telegram\u2019s founder.<\/p>\n
The gains for TON came even as Bitcoin and major altcoins fell sharply amid institutional capital outflows.<\/p>\n
BTC slid to lows near $71,380 after news that Strategy had sold 32 BTC, its first sale since 2022.<\/p>\n
Toncoin\u2019s uptick signalled persistent market interest in the Telegram-backed TON blockchain despite broader market weakness.<\/p>\n
Toncoin price gains amid GRAM rebrand news<\/h2>\n
Double-digit gains in TON\u2019s price followed an announcement that the native token of the TON blockchain will be rebranded from Toncoin to \u201cGram.\u201d<\/p>\n
The move, expected to be completed over the next three weeks, will restore a name Telegram had previously abandoned under regulatory pressure from the US Securities and Exchange Commission.<\/p>\n
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\u201cGram was the original name of TON\u2019s currency in the first white paper,\u201d Durov wrote. \u201cWe\u2019re returning to our roots \u2014 and starting a new chapter. This rebranding will pave the way for what comes next.\u201d<\/p>\n<\/blockquote>\n
The rebrand is part of a \u201cMake TON Great Again\u201d roadmap the company recently published, which includes deeper operational involvement by Telegram.<\/p>\n
As part of that plan, Telegram disclosed its intent to become TON\u2019s primary validator.<\/p>\n
Investors view this as a shift that could materially affect network security and on-chain activity.<\/p>\n
A community vote on the move is live.<\/p>\n
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Toncoin (TON) -> Gram (GRAM)<\/p>\n
Community vote is live.<\/p>\n
Since Telegram took a leading role in TON’s development, the chain got 10\u00d7 faster, fees 6\u00d7 lower. <\/p>\n
And now Telegram proposes one more change: renaming Toncoin to Gram \u2013 the name from the original TON White Paper that never\u2026<\/p>\n
\u2014 TON \ud83d\udc8e (@ton_blockchain) June 1, 2026<\/p>\n<\/blockquote>\n
As was the case then, Toncoin price rose on Monday as market participants reacted to the rebrand news.<\/p>\n
Many see this as a signal of renewed institutional and consumer alignment between Telegram\u2019s user base and TON\u2019s native token.<\/p>\n
Telegram serves more than 950 million users worldwide; tying the token more directly to the platform increases the potential utility and distribution vectors for Gram, from in-app payments to token-based services and developer integrations.<\/p>\n
Traders interpreted the announcement as positive for token demand, prompting the swift price appreciation even as macro-driven selling pressured broader crypto markets.<\/p>\n
Toncoin price outlook: Is a new all-time high next?<\/h2>\n
Technically, TON\u2019s daily chart shows bullish momentum but with caveats.<\/p>\n
The relative strength index (RSI) on the weekly timeframe has climbed to 57, indicating strong buying pressure but approaching overbought territory.<\/p>\n
The MACD histogram remains positive, with the MACD line above the signal line, suggesting trend continuation in the short term.<\/p>\n
These indicators together point to momentum that could extend the rally while warning that a pullback or consolidation is possible if momentum exhausts.<\/p>\n
![\"Toncoin](\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/06\/toncoin-price-chart.png\")
Toncoin price chart by TradingView<\/figcaption><\/figure>\n Key levels to watch<\/h3>\n
If TON holds above the $2.10 support established during Monday\u2019s session, the next near-term resistance zone sits around $3.00.<\/p>\n
As the chart shows, this is a level above which bulls could target traction towards $3.70 (100SMA) and then $6.00. TON\u2019s all-time high is above $8.<\/p>\n
On the downside, a decisive breakdown below $2.00 would increase the likelihood of a deeper retracement.<\/p>\n
If bears breach lower support levels, losing $1.90 could significantly impact the probability of an immediate push toward previous highs.<\/p>\n
Given broader market volatility and ongoing institutional flows, traders should monitor on-chain activity and Telegram\u2019s next operational moves for confirmation that the rebrand materially increases utility and adoption.<\/p>\n