The Gram cryptocurrency, which the market associates with the TON and Toncoin ecosystem, fell amid reports from Russia’s FSB about charges against Pavel Durov for aiding terrorism. According to trading data, as of 12:06 MSK, the asset’s rate dropped by 2.29% to $1.42, equivalent to 111.75 rubles.
What Is GRAM and How Is It Related to Toncoin
GRAM was originally conceived as the token of the TON blockchain project associated with Telegram. After SEC claims and legal pressure, the original Gram launch was halted, and the network’s development continued around The Open Network and the Toncoin token.
Because of this history, the names Gram and Toncoin often appear together, although it is important for investors to distinguish between the old Gram project and the assets now associated with the TON ecosystem. Before buying such a token, you should check the ticker and availability on a specific trading platform to avoid confusing different assets with similar names.
Why the Gram Project Was Halted
The key reason was the SEC’s claims about the token issuance and sales to investors. Legal proceedings effectively prevented Telegram from launching the original Gram in its previous form, and for project participants, this meant abandoning the initial launch scheme.
The dynamics of such assets are influenced not only by general crypto market sentiment but also by legal events and news around Telegram, Pavel Durov, and the TON ecosystem itself.
How the Gram Market Reacted
Gram is linked to the TON blockchain project of Telegram founder Pavel Durov. Amid news pressure, the token lost about 2%, and the price decline also affected investors’ perception of the asset: for such instruments, not only quotes but also market capitalization are important.
The cryptocurrency remains part of the TON ecosystem, which is also associated with The Open Network. Within such networks, the blockchain ensures the execution of operations, and the blockchain token is used as a digital asset in the project’s infrastructure. The validator, that is, the device or server for confirming operations, plays a technical role in such a system, but the current Gram drop is specifically related to the news background around the Telegram founder.
What Is Known About the Lawyer’s Version
Lawyer Alexander Benkhin previously suggested that Pavel Durov might cooperate with the FSB. In his opinion, such a scenario could reduce the risk of prosecution for the entrepreneur in Russia.
The reason for such speculation was the charges of aiding terrorist activities. At the same time, Benkhin noted that Durov has additional legal protection thanks to his citizenship of France and the United Arab Emirates. According to the lawyer, these countries do not extradite their citizens to other states.
The Political Context Around Telegram
Previously, State Duma deputy Andrey Kolesnik suggested that Telegram could be recognized as a terrorist resource in Russia. He linked this possibility to the charges against the messenger’s founder.
According to Kolesnik, Pavel Valeryevich Durov repeatedly ignored demands to close channels through which, as the deputy claims, Russians are being recruited. Kolesnik stated that Ukrainian special services use Telegram to find perpetrators, which, in his view, leads to terrorist attacks on Russian territory.
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