TON Strategy Shares Flat as Toncoin’s Gram Catches Traders Off Guard
TON Strategy Company fell 1.4% to $4.17 on Nasdaq Tuesday morning, despite Toncoin’s rally and news that its token will be renamed Gram. The company reported $5.25 million in Q1 revenue but posted a $91 million net loss due to a crypto fair-value mark. Toncoin rose over 15% Monday before slipping to $2.07. Trading volume in TON Strategy shares reached about 123,500 by 11 a.m. EDT.