The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
In a move reflecting major exchanges' commitment to blockchain project evolution, Binance has officially announced its support for rebranding Toncoin (TON) to Gram (GRAM). According to reports, the token swap will occur automatically at a 1:1 ratio for all users, with all trading operations and technical infrastructure migrating to the new ticker between June 23 and July 2. This transition follows the TON community's approval to align the token with its original identity linked to the Telegram ecosystem.
This restructuring comes as social-media-linked cryptocurrencies gain significant momentum, with Toncoin's market capitalization currently positioning it among the top ten global digital assets. Historically, Binance's support is vital for maintaining price stability and preventing liquidity fragmentation during rebrands, similar to the exchange's previous support for major token mergers like the Artificial Superintelligence Alliance (ASI) per market data.
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Sign InTraders should monitor liquidity levels as the final migration deadline of July 2, 2026, approaches, as technical updates can occasionally trigger short-term volatility. Looking ahead, the broader digital asset market may be influenced by upcoming global economic catalysts, including inflation data from Mexico and the US scheduled for early June, which could impact overall risk appetite.