TON Price Pumps After Telegram CEO Says Token Will Be Rebranded to Gram
60-second summary
Telegram CEO Pavel Durov announces the rebranding of The Open Network's token to Gram, its original name, sparking a price surge for Toncoin. The token's value increases significantly as investors react to the news. Toncoin's market capitalization rises, with its price jumping by over 20% in a matter of hours, indicating a renewed interest in the cryptocurrency.
Telegram is taking the reins of The Open Network, years after abandoning the project—and it plans to adopt Toncoin's originally planned name.