#What is the significance of the GRAM rebranding?
Pavel Durov is reviving the GRAM name for TON’s native cryptocurrency, drawing from a rich history associated with Telegram's past efforts. This decision comes after the original GRAM token sale, which aimed to raise $1.7 billion in 2018 before the SEC intervened, resulting in penalties and the return of funds to investors. The revived project has now taken a form embraced by community developers with the Toncoin (TON) branding.
#How is Telegram changing its role in the blockchain space?
On May 4, 2026, Durov announced that Telegram will take over as the primary force behind The Open Network, replacing the TON Foundation. This shift establishes Telegram as the leading validator in the blockchain world, meaning it will play an essential role in transaction confirmation and network security. As of the announcement, a Telegram-related wallet held approximately 28.2 million TON, with 2.2 million being actively utilized in validator operations.
#What impact did this announcement have on the market?
Following the announcement, the market responded positively, with Toncoin experiencing a surge ranging from 23% to 36%. This movement pushed the price to a four-month high, accompanied by a trading volume increase of 324%. This indicates that interest in the cryptocurrency is not merely from existing holders but also includes new investments.
#What are the potential risks for investors?
While the excitement is palpable, it is vital to consider the risks involved. The original GRAM token sale resulted in significant penalties and scrutiny from regulatory bodies. By stepping forward as the main entity managing this cryptocurrency and its associated blockchain operations, Telegram may invite further regulatory attention. Additionally, the concentration of 28.2 million tokens under Telegram raises concerns about market influence and token supply control.
Moreover, the newly introduced near-zero fee structure could present challenges for the network's long-term financial sustainability. With reduced fees, critical revenue generation may hinge on factors like token inflation or staking rewards, which are yet to be clearly defined.
Investors must weigh these factors carefully when considering their positions in GRAM and the implications of Telegram’s renewed involvement in the cryptocurrency space.