TON jumps after Pavel Durov says Toncoin will be renamed to Gram

TON rose on June 1 after Telegram founder Pavel Durov said the network's native currency will be renamed from Toncoin to Gram. Durov said "Gram" was the original name used in TON's first white paper, and the change is expected to take about three weeks while TON remains the blockchain's name. Following the announcement, TON gained over 15% and traded above $2.18.