Telegram is taking the reins of The Open Network, years after abandoning the project—and it plans to adopt Toncoin's originally planned name.

TON's native crypto will be renamed Gram, Pavel Durov said. The rebrand revives the blockchain's original vision as TON surged 9%.

Pavel Durov renames TON's native token from Toncoin to Gram, reviving the 2018 whitepaper name the SEC blocked. The token rose as much as 19%.