TON Strategy Shares Flat as Toncoin’s Gram Catches Traders Off Guard
TON Strategy Company fell 1.4% to $4.17 on the Nasdaq late Tuesday morning, missing out on a big move higher in Toncoin. Telegram founder Pavel Durov announced the TON token will be renamed Gram. Shares ranged from $4.17 to $4.44, with volume at about 123,500 just after 11 a.m. EDT. Durov said “TON’s native currency is becoming Gram,” according to The Defiant. The token swap will take about three weeks and bring back the Gram name from TON’s first Telegram-linked white paper, The Defiant said.
