GRAM (formerly Toncoin)GRAM

The coin of TON, the blockchain built into Telegram; formerly called Toncoin.

Rank #31Since 2020 (renamed Gram in June 2026)

Price on 31 Oct 2026

C$1.68 -14.3% since 31 Jul 2026 · 85.2% below its all-time high

The short version

Gram (GRAM), called Toncoin until June 2026, is the coin of TON, a blockchain built into Telegram's wallet, ads and Mini Apps. The Swiss TON Foundation oversees it, and since 4 May 2026 Telegram has run its main operations. About 1.08 billion GRAM held in frozen early-miner wallets unlock on 21-22 Feb 2027. On 31 Oct 2026 one GRAM cost C$1.68. From 31 Jul 2026 to 31 Oct 2026 its price changed -14.3% in Canadian dollars, and it was 85.2% below its all-time high of C$11.35 set on 14 Jun 2024.^[1]

Checked 31 Oct 2026 · 10 sources · next update about 1 Dec 2026

Price, past year

Past year: high C$3.71 (8 May 2026) · low C$1.62 (30 Oct 2026) · -47.2%^[1]

Month-end prices (table)

Date	C$	US$
31 Oct 2026	C$1.69	US$1.21
30 Sep 2026	C$2.11	US$1.48
31 Aug 2026	C$1.85	US$1.34
31 Jul 2026	C$2.00	US$1.43
30 Jun 2026	C$2.27	US$1.60
31 May 2026	C$2.51	US$1.82
30 Apr 2026	C$1.79	US$1.32
31 Mar 2026	C$1.70	US$1.22
28 Feb 2026	C$1.83	US$1.34
31 Jan 2026	C$2.01	US$1.49
31 Dec 2025	C$2.22	US$1.62
30 Nov 2025	C$2.22	US$1.58

Daily prices from CoinGecko; C$ converted at the Bank of Canada daily rate. The latest point is live when available. Past prices, not a forecast.

Choose what to see

Key facts

Price, 31 Oct 2026: C$1.68^[1]
3-month change: -14.3% in C$ (31 Jul 2026 to 31 Oct 2026)^[1]
From its high: 85.2% below its high of C$11.35 (14 Jun 2024)^[1]
Market rank: #31, market value about C$4.8B^[1]
Kind: Native coin · TON, The Open Network (its own network)
Started: 2020 (renamed Gram in June 2026)

Checks: the same 9 questions for every coin

Facts, not a rating

Can an admin key create new coins?NoNew GRAM come only from validator rewards set by the protocol^[2]

Can anyone freeze or take coins from holders?YesValidators froze early-miner wallets holding about 1.08B GRAM until Feb 2027^[2]

Can the token's contract code be changed?Not applicableRuns on its own blockchain; its rules change only through network upgrades

Is the supply capped?NoNo maximum supply; about 2.5% yearly inflation^[2]

Any scheduled unlocks in the next 12 months?YesAbout 1.52B GRAM, 49-54% of circulating supply^{[3, 2]}

Does a team or foundation hold over 10% of supply?Not disclosedNo team or investor tranche; TON Foundation and Telegram holdings unpublished^[2]

Do network fees reach coin holders?YesHalf of chain fees are burned, US$0.93M in the past year^[4]

Main network hacked or halted in the past 2 years?NoNo exploit or chain halt found since Oct 2024^{[5, 2]}

Is a regulator or court case targeting the coin itself?NoCases against Telegram's founder concern Telegram content, not GRAM or its foundation^{[6, 2]}

Each answer is a fact with a source, not a score. What each check means.

Who controls it

Run by: TON Foundation (Switzerland); Telegram FZ-LLC (Dubai) took over principal operations on 4 May 2026^[2]
Largest validator: Telegram, staking about 2.2M GRAM^[2]
Large holders: TON Strategy Company (TONX) about 217.5M GRAM; frozen early-miner wallets about 21% of supply^[2]

Supply

In circulation: 2.84B GRAM of 5.28B in total (53.8%)^[1]
Maximum supply: None set^[1]
Fully diluted value: 1.86 times its current market value^[1]
Circulating: About 2.84B of about 5.27B total (about 54%); no maximum supply^{[2, 3]}
February unlock: About 1.08B GRAM in frozen early-miner wallets unlock on 21-22 Feb 2027^{[2, 3]}
Believers Fund: 36.58M GRAM unlock each month, about 439M over 12 months^[3]
New coins: Validator rewards of about 95M GRAM a year, about 2.5% inflation^[2]

Use and fees

Main use: Telegram wallet payments, ad settlement, USDT transfers, Mini Apps and Fragment username sales^[2]
Network fees: US$1.87M in the past year, down from US$11.97M after a sixfold fee cut on 1 May 2026^{[7, 2]}
Who gets fees: Half of chain fees burned (US$0.93M); Fragment's US$366M of fees goes to Telegram^{[4, 2]}

Trading

Daily trading: About C$56.3M a day on average, 31 Jul 2026 to 31 Oct 2026^[1]
Daily turnover: Typically 0.82% of its market value changes hands each day^[1]
20-week average: 16.6% below its 20-week average price^[1]
1-year change: -46.3% in C$^[1]^[8]
Thin trading: Typically under 1% of its market value trades in a day^[1]

History

Not a forecast

Coins ranked 11-50 at this point in past cycles (12-14 months after a Bitcoin peak), one year later: 1,080 cases, 157 coins

46% were higher a year later^[9]

Typical result: Median -6% after a year; 61% higher after two years
Lost half or more: 25% within a year
Against Bitcoin: 12% did better than Bitcoin over the year

History, not a forecast.

Red flags and things to watch

2 red flags found

Red flag: Validators froze early-miner wallets holding about 1.08B GRAM, about 21% of supply, until 21 Feb 2027.^{[2, 3]}
Red flag: About 1.52B GRAM, 49-54% of circulating supply, is scheduled to unlock in the next 12 months, mostly on 21-22 Feb 2027.^{[3, 2]}

Russia's FSB charged Telegram founder Pavel Durov with facilitating terrorism on 29 Jul 2026; the charges concern Telegram content.^[6]
A French investigation of Durov, opened after his Aug 2024 arrest, had no trial date as of May 2026.^[2]
Validators approved the contracts for the official Gram Wallet on 31 Aug 2026, with a phased rollout to Telegram users.^[10]

Checked: admin keys, contract upgrades, unlocks, insider supply, hacks, legal actions and claims against records.

Sources and dates

Facts as of 31 Oct 2026. Prices from CoinGecko in Canadian and US dollars; US$ figures without a C$ price are converted at 1.3976 C$ per US$.