Gram (prev. Toncoin) Coming after our contract and holder checks finish for this coin. See the Scorecard for every call so far.
What it is
Toncoin is the coin of The Open Network (TON), a blockchain originally designed by the team behind the Telegram messaging app. Telegram dropped the project in 2020 after the SEC blocked its token sale, and independent developers relaunched it; Toncoin began trading widely in 2021. TON is now closely tied to Telegram again, which uses it for its built-in wallet, mini-apps, paid features and many games.
TON is a proof-of-stake network. Validators lock up large amounts of Toncoin to produce blocks, and the design splits work across many parallel chains, called shards, to handle heavy traffic. For years the non-profit TON Foundation led the ecosystem. In May 2026 Telegram said it would become TON's largest validator and take over as the main force behind the network, and transaction fees were cut to nearly zero.
Total supply is roughly 5 billion Toncoin. A small amount of new coins is created each year as validator rewards, while part of each fee is burned. Besides Toncoin itself, the network hosts many other tokens, called jettons, including a version of USDT, and these travel through the same wallets and addresses.
What can go wrong
- TON's fortunes are tied closely to one private company. With Telegram taking the lead role in 2026, its business decisions, legal problems or policy changes could reshape the network.
- Telegram's founder was detained and charged in France in August 2024, and Toncoin fell sharply on the news, showing how exposed the coin is to events around one company.
- In August 2024 the network stopped processing transactions for more than six hours under heavy load during a popular airdrop.
- Telegram's huge user base makes TON a magnet for scam bots, fake airdrops and look-alike tokens sent unprompted to wallets.
The wallet built into Telegram is custodial, meaning a company holds the keys for you, while separate self-custody TON wallets leave the keys with you. Exchanges usually require a memo, often called a comment, on TON deposits.
Safety checks
- Track recordGoodTrading since 2021, about 5 years. It has been through at least one full market cycle.
- Trading activityCaution$27.8 million traded in the last 24 hours, 0.7% of its market value. That's thin for its size: big holders selling could move the price more than you'd expect.
- Coins still to comeRed flag2.83 billion of 5.27 billion total coins are in circulation, so about 46% are still to be released. A large share hasn't been released yet. Unlocks for insiders and early backers are a common reason prices fall. There is no fixed maximum, so new coins can keep being created.
- Distance from its peakRed flagDown 84% from its all-time high of $8.25 in June 2024. Most people who bought near the top have lost most of their money. A big drop doesn't make a coin cheap.
- Past yearFor context−39.7% over the past year, against −25.3% for bitcoin. It has done worse than simply holding bitcoin.
History of trouble and big events
- 2020: Telegram ended its original TON project after the SEC halted its token sale, agreeing to return about $1.2 billion to investors.
- 2024: The network went down for over six hours on August 27-28, days after Telegram's founder was detained in France.
- 2026: Telegram announced in May that it would become TON's largest validator and replace the TON Foundation as the network's main driver.
Holding a token on a smaller network, or got sent one you don't recognize? Run its address through the free checker. Copycat tokens often borrow big names.