Toncoin (TON) has declined sharply over the past 24 hours, trading at $1.51 as of June 6, 2026, down 9.0% on the day and 14.04% over the past week, according to CoinStats data. The token's market capitalization stands at $4.05 billion, with $423.1 million in 24-hour trading volume, placing it at 24th by market cap. Despite the recent weakness, the asset remains in focus due to a major governance development: the community-backed vote to rebrand TON's native token from Toncoin to Gram.