While the entire crypto market is frantically tallying losses from Bitcoin, which is dropping like a stone, tectonic shifts are happening in the ecosystem $TON . Two major events are tied together: the official return of the legendary ticker Gram ($GRAM) and the sudden hard move by the Bybit exchange, which is temporarily 'delisting' the asset from its lending programs.
Let's keep a cool head, remove emotions, and outline what investors and speculators should prepare for in the coming days.
๐ฅ Part 1. The comeback of the decade: From Toncoin back to Gram
The community has officially confirmed the voting results (over 81% voted 'yes'): On June 15, 2026, #Toncoin legally reclaims its historical name Gram ($GRAM).
For those new to crypto, letโs recall the basics: in 2020, the American SEC literally destroyed Pavel Durov's Telegram Open Network project, banned the issuance of the Gram coin, and forced the return of $1.2 billion to investors. The project was handed over to independent developers, and it evolved into the Toncoin we know.
Today, as #Telegram has fully integrated crypto within the messenger for a billion-strong audience, Durov makes a masterstroke. Legally, this is not the issuance of a new coin (which the SEC could have scrutinized), it's simply the renaming of an already existing liquid asset. A beautiful workaround of the system.
Marketing psychology: The word Gram fits perfectly in the ears of the average person. The phrase 'send me a couple of grams in the chat' sounds a hundred times simpler for the mass user (Mass Adoption) than the technical name 'Toncoin.' The market maker has received the perfect perpetual motion machine for hype.
โก Part 2. The flip side: Bybit tightens the screws
Against the backdrop of this festive news, Bybit rolls out an official announcement that has put margin traders on edge. Bybit will completely cease support for TON as a collateral or credit asset starting June 16, 2026.
Let's cynically dissect their chart, as it's a critical indicator for us:
Starting June 10, all lending and borrowing services in TON (UTA, Crypto Loans, Savings) have already been suspended.
On June 16 at 6:00 UTC (exactly one day after the rebranding starts!) โ a critical point. $TON will no longer be accepted as collateral. All outstanding obligations in TON will be automatically liquidated if users do not close them manually.
On June 17th โ $TON will be completely removed from the 'Earnings Bybit' service (Flexible/Structured Earnings), and funds will be forcibly dumped into funding accounts.
What does this actually mean? The exchange absolutely does not want to take on the risks of a technical failure when millions of coins on balances start changing their name from TON to GRAM on June 15-16. To prevent the Bybit robots and smart contracts from going haywire from the ticker changes in margin positions, they are simply forcibly liquidating all borrowers.
For the market, this is local stress: people will be forced to urgently sell other assets or close positions to avoid forced liquidation due to changes in margin metrics (MMR and LTV).
๐ Important technical note for holders
No panic. If you're a regular spot investor, there's no need to panic:
The blockchain remains unchanged: The network is still called TON (The Open Network).
Everything will happen automatically: No 'bridges,' 'swaps,' or manual transfers are needed. From June 15 to 22, balances on exchanges and in the official Wallet within #Telegram will automatically change their letters to GRAM.
โ ๏ธ CRITICAL WARNING: Hundreds of scammers have already activated on this wave. If you are offered an 'exclusive early exchange of TON for GRAM at a favorable rate' on Twitter (X), Telegram, or third-party sites โ you're being scammed. There are no manual exchanges. The exchanges will handle everything themselves.
๐ Overall verdict
We're witnessing classic synergy between fundamental news and strict technical regulation from exchanges. The market maker has received a fantastic narrative of the 'return of the legend,' under which they can beautifully pump the price and shave down the shorters in the long run.
However, locally, around June 15-17, due to Bybit's strict measures and the forced closure of margin positions, a storm and increased volatility are possible on the charts.
Our plan remains unchanged: no panic, no jumping into the fray with leverage, keep our ears to the ground and observe this historical renaming with a completely cool head.
