Gram cryptocurrency, which the market associates with the TON ecosystem and Toncoin, has depreciated amid reports from the Russian FSB about Pavel Durov being charged with facilitating terrorism. According to trading data, by 12:06 Moscow time, the asset's rate had fallen by 2.29% to $1.42, equivalent to 111.75 rubles.
What is $GRAM and How is it Related to Toncoin
$GRAM was initially conceived as the token of the TON blockchain project, linked to Telegram. After SEC claims and legal pressure, the launch of the original Gram was halted, and network development continued around The Open Network and the Toncoin token.
Because of this history, the names Gram and Toncoin are often mentioned together, although it is important for investors to distinguish between the old Gram project and the assets now associated with the TON ecosystem. Before purchasing such a token, it is necessary to 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 SEC claims regarding the token issuance and sale to investors. Legal proceedings essentially prevented Telegram from launching the original Gram in its previous form, and for project participants, this meant abandoning the original launch scheme.
The dynamics of such assets are influenced not only by general crypto market sentiment but also by legal events, news surrounding Telegram, Pavel Durov, and the TON ecosystem itself.
How the Gram Market Reacted
Gram is linked to the TON blockchain project by Telegram founder Pavel Durov. Amid news pressure, the token lost about 2%, and the price decline also affected investor perception of the asset: for such instruments, not only quotations but also market capitalization are important.
The cryptocurrency remains part of the TON ecosystem, also associated with The Open Network. Within such networks, the blockchain facilitates transaction processing, and the blockchain's token is used as a digital asset in the project's infrastructure. A validator, i.e., a device or server for confirming operations, plays a technical role in such a system, but the current dip in Gram is specifically related to the news background surrounding Telegram's founder.
What is Known About the Lawyer's Version
Lawyer Alexander Benkhin previously suggested that Pavel Durov might cooperate with the FSB. In his assessment, such a scenario could reduce the risks of persecution in Russia for the entrepreneur.
The reason for such considerations was the charges of facilitating terrorist activities. At the same time, Benkhin noted that Durov has additional legal protection due to his citizenship in 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 might 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 has repeatedly ignored demands to close channels through which, the deputy claims, Russians are being recruited. Kolesnik stated that Ukrainian special services use Telegram to find perpetrators, which, in his version, leads to terrorist attacks on Russian territory.
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