Gram (prev. Toncoin) (GRAM) News Today: Why GRAM Is Down – 04 November 2026

Gram (prev. Toncoin) news today centers on a surge in derivatives trading on Telegram's TON network that has not lifted the token itself. GRAM trades at $1.16, down 2.02% over 24 hours.

Perpetual futures volume climbs on TON

TON perpetual futures volume topped $100 million in one week. The Storm exchange, which runs inside Telegram and on the web, accounted for $100.3 million of total TON trading volume. The figures are a sharp jump from earlier levels, but they have not translated into demand for the network's token.

Storm does not require traders to post GRAM as margin or pay fees in it. As a result, volume on the platform can rise without creating direct buying pressure on the token. Storm's fee revenue funds its own buybacks, while GRAM accrued only minor network fees and a few vault deposits.

Token trades near its one-year low

GRAM hit its one-year low of approximately $1.16 on October 29, the same day Storm celebrated its milestone, and it continues to trade below its 20-day average of $1.28. Market commentary has pointed to a specific condition for a change in sentiment: if weekly trading volume can maintain or exceed $100 million through the end of November, with help from another protocol, and GRAM closes above $1.28, this could indicate potential for lasting adoption.

Rebrand and wallet developments

The renaming has been in effect since mid-June. The rename takes effect at 12:00 UTC on June 15, 2026. The network itself keeps its name: The blockchain itself will continue to be known as The Open Network (TON). Holders did not need to act, since your existing TON balance will automatically be reflected as GRAM on a 1:1 basis.

On the wallet side, Wallet in Telegram has been renamed Walt and now focuses on trading and investing. Gram Wallet, the new self-custodial wallet, takes its place as Telegram's default crypto wallet.

Users should be cautious of unsolicited claim pages. Any site asking users to claim GRAM or migrate TON is fraudulent, since the rename involved no swap, migration, or new token.

Gram (prev. Toncoin) price today is $1.16, down 2.02% over the past 24 hours. The token has a $3.31B market cap (rank #39) and a 24-hour trading volume of $51.04M.

No Confirmed Catalyst

No Gram-specific development has been confirmed as the trigger for today's decline. Without a unique catalyst, Gram's trajectory remains tightly linked to general market sentiment and Bitcoin's price action. The 1-hour change of -0.79% shows selling pressure persisted through the early hours of the session rather than occurring in a single burst.

Market Backdrop

An unconfirmed analysis attributes the broader pressure to institutional selling and a pullback from altcoin risk. That analysis links the selling to spot Bitcoin ETFs on October 30, signaling institutional selling pressure. This explanation is not verified for today's session, but it is consistent with the token's weakness across longer windows.

Trend and Trading Activity

The move is part of a steeper downtrend. The token is down 6.16% over seven days and 24.33% over 30 days, and it trades 85.94% below its all-time high of $8.25. Volume of $51.04M equals roughly 1.5% of market capitalization. That level of turnover suggests an orderly decline rather than a liquidation-driven flush, though no prior-day volume figure is available for direct comparison.

Supply Considerations

Circulating supply stands at 2,850,646,569 GRAM against a total supply of 5,277,706,854 GRAM, so roughly 54% of total supply is in circulation. Traders often weigh the portion of supply not yet circulating when assessing downside pressure, which keeps future supply entering the market in focus for this asset.

Rebrand Context

The name change is not a driver of today's move. The TON Foundation has renamed its native token from Toncoin to Gram, with the ticker switching from TON to GRAM at 8:00 PM UTC today, June 15, 2026. The change was cosmetic, and the toncoin gram rebrand is cosmetic. Its effects on price are therefore unrelated to the current 24-hour decline.

Gram (prev. Toncoin) market sentiment is leaning bearish as of November 4, 2026. The clearest signal comes from the broader crypto mood, which is in fear territory, while the coin shows little sign of leveraged conviction in either direction.

Overall Sentiment

The assessment is cautiously bearish. Broader market mood has weakened over the past week, leveraged activity tied to the coin is minimal, and recent coverage focuses on long-term narratives rather than near-term catalysts.

Derivatives and Trader Positioning

Liquidation tracking for TON recorded $0.00 over the past 24 hours and across the seven-day period, with neither longs nor shorts dominating. The absence of forced closures suggests limited leveraged pressure in either direction, which points to a lack of conviction among derivatives traders.

Broader Market Mood

The Fear & Greed Index reads 35, within the Fear band. Over the past seven days the reading fell by 15 points from a 7-day high of 50 (Neutral), while Bitcoin declined about 4.9% over the same period. The index measures the overall crypto market, so it reflects a wider risk-off backdrop rather than positioning specific to GRAM.

Community and News Flow

Coverage has centered on the rebrand. Holders approved renaming Toncoin to Gram in June, with the change effective June 15, 2026, and the underlying blockchain remains The Open Network. Subsequent commentary has leaned toward price forecasts, including projections of reaching $10. Ecosystem news included ChangeNOW's hiring of former TON executive Martin Masser as Director of Strategic Partnerships. A Dutch-language Blockchain Stories article asked whether the network could return to the top 10 by market capitalization. On the negative side, a late-July exploit drained $9.7M across Ethereum, Solana, TRON, and TON, according to CoinPedia.

Recent Sentiment Shifts

Sentiment has softened in the last week, with the Fear index dropping 15 points alongside a broader market pullback. The attention generated by the June rebrand appears to have faded. Coverage from late July into early August has been dominated by price prediction content and the security incident affecting the TON chain. Any improvement in tone would likely require a recovery in the broader market mood and a fresh ecosystem catalyst.

Gram (prev. Toncoin) support and resistance levels sit in a narrow band between $1.14 and $1.28 on the daily chart. The token trades at $1.16, down 2.02% over 24 hours and 6.16% over seven days, with a $3.31B market cap (rank #39) and $51.04M in 24-hour volume. It is 85.94% below its all-time high of $8.25.

Key Levels

• Resistance: $1.19. This was the daily support cited in early-November analysis. Price has slipped below it, so it now acts as overhead resistance until reclaimed.
• Resistance: $1.21. This is the daily pivot and the first hourly reclaim level.
• Resistance: $1.28. This is the daily EMA 20.
• Resistance: $1.35. This is the daily EMA 50.
• Resistance: $1.55. This is the SMA 200 in late-October moving average data.
• Support: $1.14. This is the lower daily Bollinger Band.
• Support: $1.10. This is the Fibonacci S2 pivot in late-October data.

Indicators

On the daily chart, daily RSI is rising at 39.4, but hourly and 15-minute RSI readings are falling, keeping the bounce vulnerable. The negative MACD histogram is narrowing, which points to fading bearish momentum but no bullish crossover yet. Price remains below both key daily moving averages, which keeps the trend bearish.

Chart Pattern

The daily structure is a descending sequence of moving averages. Mid-October analysis described a dense ceiling of overhead moving averages, and the 20-day and 50-day averages have not been reclaimed since. Price sits in the lower part of its daily Bollinger envelope, which reinforces the defensive reading.

Volume

Trading volume of $51.04M over 24 hours accompanies the 2.02% decline. A durable reversal would need turnover to rise on a daily close above $1.19, which would confirm buyers are absorbing supply at that level.

Outlook

Short term (hourly and daily): An hourly close above $1.20 would strengthen the rebound case and open the path to $1.21. A daily close below $1.19 would confirm support failure and expose the $1.14 lower band.

Medium term (daily and weekly): Recovery requires reclaiming the $1.28 and $1.35 EMAs. Until those levels are regained, the $1.55 SMA 200 is the main overhead barrier, and a sustained break below $1.10 would shift focus to lower support.