Toncoin (TON) has experienced significant volatility over the past 48 hours, driven primarily by speculation surrounding a proposed rebrand to "Gram" announced by Telegram founder Pavel Durov on June 1. While the initial market reaction was bullish, the token has since retreated sharply, trading at $1.6611 as of June 5, 2026, down 6.82% over the past 24 hours and 6.17% over the past seven days.