Durov Revives the Gram Name: A Move Beyond Toncoin with Trump's Possible Support

So, TON blockchain is done pretending it’s not tied to Telegram. Pavel Durov just revealed that Toncoin is getting a new name it’s going back to Gram. That was the original name for the native crypto of the TON blockchain. Durov had to backtrack on launching the blockchain and refund the $1.7 billion from Gram's presale to the investors because a U.S. court decided that the token counts as a security after the SEC slapped him with a lawsuit. Now by renaming Toncoin, Durov could be stepping outside the lines of the settlement he reached with the U.S. regulator. This makes me think he’s pretty sure the SEC won’t come after him again. Plus, we can’t ignore Trump’s potential role in this. His family is deeply involved in crypto and they seem open to lending a hand. Right now, it looks like crypto investors are on board with this angle. Gram shot up by 15% after the news broke. On the flip side, folks started dumping Toncoin after May 8, even though it had a nice little run for four days when Durov became the main validator. Back then, prices jumped 60%.

They remember, you say? It's been seven years, so it really depends on what exactly people choose to remember. Personally, I remember when internal communications were exposed in court, revealing discussions about token manipulation strategies and undisclosed emissions. I remember how investors were lured in with guaranteed price pumps driven by that very manipulation. And by all appearances, nothing has changed. Unless there is a direct connection to Trump, this looks like a classic pump-and-dump scheme. After all, TON could easily face another regulatory investigation in the US

I get the concerns, especially given TON’s history, so I understand why people are cautious. I personally use TON quite a bit and what I like about it is pretty simple: fast transfers, low fees, and the NFT stuff actually feels active. So for me, the recent price moves don’t really need a political explanation. There’s been constant updates and more activity in the ecosystem, and that alone can bring attention and speculation. That said, I’m not saying everything is perfect. I just think sometimes people jump too quickly to conspiracy theories when there are simpler reasons in play.

This renaming will entail a lot of legal consequence if somehow SEC is stepping in again. I honestly don't think it's a good idea for their holders, if SEC consider their newly renamed coin Gram as security be prepared to get delisted from many exchanges. Why don't they stick with TON, the ticker and the name is already pretty well known among crypto users.