Gram

GRAM, formerly Toncoin, runs the TON network: 2.83B coins circulate, 54% of the total. The rest is frozen, locked in a fund or held by Telegram.

Sell pressure. Block rewards created 50.95M GRAM in 90 days. Holders took 18.58M out of the Believers Fund, and Telegram's main wallet sent 30M into the market.

Buy pressure. Half of each fee is burned, only 98.7K GRAM, plus 3.8K sent to a frozen address.

Net. Net, supply grows about 3.52% in 90 days, and about 3.54% next.

Inflation

Last 90 Days

+3.52%

checked · Oct 12 2026

Net flow: 3.52% of supply goes to market over 90 days

Next 90 Days

+3.54%

estimate

Net flow: 3.54% of supply goes to market next 90 days

Supply growing · projected to keep growing

Upcoming · Next 90 Days

Telegram wallet send (expected)~10M GRAM
about Oct 18 2026 · Into the market
Telegram wallet send (expected)~10M GRAM
about Nov 13 2026 · Into the market
Telegram wallet send (expected)~10M GRAM
about Dec 10 2026 · Into the market

Sell pressure

1. Protocol inflation

~50.95M GRAM

Every new block pays its makers new coins: 1.7 GRAM on the main chain and 1.0 GRAM on the work chain. Since blocks got about six times faster in April, with the same pay per block, about 566,000 new GRAM are created a day. Total supply rose from 5.214B to 5.265B in these 90 days. Since a block-making change on Aug 20 2026 the pace is about 574,000 a day, so the next 90 days hold about 51.69M.

checked · Oct 12 2026

2. Vesting unlocks

~18.58M GRAM

The Believers Fund holds 1.25B GRAM that people locked in 2023. Since Oct 2025 one slice of about 36.6M opens every 30 days, but most holders leave their coins inside: only 18.58M GRAM was taken out in these 90 days, against 109.8M that opened. About 369M is open and still unclaimed, and the next slices open Nov 6 and Dec 6 2026 and Jan 5 2027.

checked · Oct 12 2026

3. Foundation + unscheduled unlocks

~30.00M GRAM

Telegram's main wallet, which is not counted as circulating, sent 10M GRAM three times (Aug 8, Aug 29 and Sep 21 2026) to its Fragment payout wallet, and now holds 102.4M. It has sent 10M about every four weeks since July, so we expect about 30M more in the next 90 days. The old TON Foundation wallet (1.59M) did not move.

checked · Oct 12 2026

4. Long-term locked or bankruptcy

1.08B GRAM in 180 early mining wallets is frozen by a 2023 validator vote until Feb 21 2027, after the next 90 days. No bankruptcy estate holds GRAM.

checked · Oct 12 2026

Buy pressure

1. Programmatic buyback

No program buys GRAM back. Half of every fee goes to validators and the other half is destroyed, which is the burn below.

checked · Oct 12 2026

2. Protocol fee burn

~98.7K GRAM

Half of all network fees is destroyed. Fees are small, so the burn came to 98,738 GRAM in 90 days, about 1,100 a day, or roughly 1 GRAM destroyed for every 516 created.

checked · Oct 12 2026

3. Foundation buy

Telegram's main wallet sometimes takes coins back in (the last time was May 31 2026), which would pull them out of the market, but nothing came in during these 90 days. Companies that hold GRAM bought it in the market, so their buying adds no lock.

checked · Oct 12 2026

4. New long-term lock

Staking is a real lock: the validator contract holds about 1.37B GRAM, up from 1.32B. But staked coins still count as circulating, so more staking takes nothing out of the market.

checked · Oct 12 2026

5. Sent to the frozen zero address

~3.82K GRAM

People sent 3,820 GRAM to the zero address, which is on the frozen list and has no owner, so those coins left the market.

checked · Oct 12 2026

Supply check · sell, buy & net

Last 90D

Next 90D

Sell total (M GRAM)

99.530

100.271

Buy total (M GRAM)

0.103

Sell % of circ

+3.521%

+3.548%

Buy % of circ

+0.004%

Net inflation %

+3.518%

+3.544%

Circulating supply: 2826.413M GRAM

Read the full Inflation Analysis

GRAM: fast blocks print new coins, and locked coins keep leaking out.

Long-form mechanism walk. ~5 min.

Metric 2 of 3

GRAM · Coin Demand

Two sides: how much people want GRAM right now, and how much buying could come later.

1 / 5Low

Current demand0.5 / 2.5

This part is based on social media. It shows how hot GRAM is right now. A better rank means more people are talking about it.

Today, people are talking about GRAM for two reasons:

1
Telegram opened its built-in Gram wallet, now called Money, to all users.
Around Oct 9 2026 Telegram renamed its Gram wallet to Money and opened it to its more than 1 billion users, after testing it with a small group since Aug 31. Users can hold, send and spend Gram inside the app. People ask how many users will actually start using Gram.
2
GRAM gave back its wallet gains.
GRAM fell about 6% on Oct 13 2026 to near $1.36, below the price before the wallet news. A week ago it was about $1.52. People ask why the price went down even after the biggest wallet launch in Telegram's history.

Checked Oct 14 2026

Metric 3 of 3

GRAM · Price DriversBeta

The few things that can move GRAM's price that supply and demand miss.

1 · Durov's 7 steps

New

Telegram pushes Gram → price upnowTelegram steps back → price down

Apr 9 2026Step 1: 10x faster
May 4 2026Step 2: fees cut 6x
May 12 2026Telegram top validator
Jun 1 2026Step 4: TON to Gram
Aug 31 2026Gram Wallet rollout
Oct 9 2026Wallet opens to all
Today
No date yetSteps 5 to 7

4 of 7 steps done; Telegram's wallet now open to all users.

Data

Date	What happened / what is coming
Apr 9 2026	Step 1: 10x faster
May 4 2026	Step 2: fees cut 6x
May 12 2026	Telegram top validator
Jun 1 2026	Step 4: TON to Gram
Aug 31 2026	Gram Wallet rollout
Oct 9 2026	Wallet opens to all
No date yet	Steps 5 to 7 (coming)

Checked Oct 12 2026

2 · TON Strategy

Quiet

Treasury keeps adding → price upTreasury sells → price down

TON Strategy (TONX)

TON Strategy holds 230M GRAM; growth comes from staking, not buying.

Data

Date	TON Strategy (TONX)
Sep 30 2025	218 M GRAM
Dec 31 2025	220 M GRAM
Mar 31 2026	222 M GRAM
Jun 30 2026	231 M GRAM

Checked Oct 12 2026

Should you buy GRAM? Questions about GRAM

Is it time to buy the Gram dip?

By the law of supply and demand, Gram's long-run signal is negative (Oct 15 2026, score 2/10). New supply: +3.54% in the next 90 days. Demand: low (1/5). Gram's price drivers: 1 ▲ price up, 0 ▼ price down.

How much of the Gram token is actually in the market?

A bit over half. About 2.83B of 5.26B GRAM was circulating on Oct 12 2026, around 54%. TON Strategy holds 230M of it and grows that pile by staking, not by buying. That leaves Gram's long-run signal at negative, by supply and demand.

When should I sell Gram?

Gram's signal is negative for now. Gram's signal would turn if new supply keeps arriving (+3.54% in 90 days), or demand falls from low. The next date on Gram's calendar: No date yet — Steps 5 to 7.

Is Gram a good investment in 2026?

Gram sits at 2/10 today (Oct 15 2026): supply 1/5, demand 1/5. One more year adds +14.18% to Gram's supply. Long-run signal: negative.

When is a good time to buy Gram?

By the law of supply and demand, the better time to enter Gram is when its new supply is low, demand is high and its price drivers point up. Gram today: +3.54% new supply in 90 days (very heavy), demand low (1/5), drivers 1 ▲ / 0 ▼.

What could push Gram's price up or down?

Right now 2 things drive Gram's price (1 ▲, 0 ▼). ▲ Durov's 7 steps: 4 of 7 steps done; Telegram's wallet now open to all users. • TON Strategy: TON Strategy holds 230M GRAM; growth comes from staking, not buying.

Should I buy Gram or Bitcoin?

Side by side on Oct 15 2026: Gram at 2/10 with a negative signal, Bitcoin at 8.5/10 with a positive signal. By supply and demand, Gram is the weaker of the two.

Every answer here applies basic economic theory — the law of supply and demand — to this coin's data. It is not financial advice. How we read every coin →

How does MrNasdog judge every coin, and why is +3.54% shown in red?

We look at two things, half each: supply and demand. Fewer new coins mean less selling pressure. A meme coin scores 1.5 at most on supply: its team got its coins for free, so no new supply does not make it safe. We also show each coin's age, with a warning when it is younger than 1 year. Demand looks at how much people want the coin now and how much buying could come later. Price Drivers (Beta) are the 2 or 3 things that can move one coin's price that supply and demand miss; they have no score. GRAM supply grows +3.54% in the next 90 days, so it shows in red: more GRAM reaches the market than is removed. Zero or falling supply is always green, any growth is red.

What do Watch GRAM alerts cover?

One email before each big supply event, and the day our verdict changes. Nothing else. You can watch 2 coins for free.

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