Gram, previously known as Toncoin, has experienced a 3.17 percent decline over the last 24 hours, dropping to $1.41. This underperformance against a relatively flat Bitcoin market is primarily driven by escalating legal risks surrounding Telegram founder Pavel Durov. On July 29, 2026, Russia’s Federal Security Service formally charged Durov with facilitating terrorist activity and placed him on an international wanted list, directly linking the token’s market narrative to its founder’s legal peril.
The most significant threat to the ecosystem is not merely the legal charges themselves, but the potential downstream compliance reactions. Cryptocurrency exchanges and traditional payment providers may soon impose strict restrictions on Gram to adhere to anti-money laundering and counter-terrorism financing regulations. Such defensive actions by major financial platforms would severely limit market access and drain liquidity from the token.
This fundamental uncertainty is mirrored by a clear technical breakdown. The token price has fallen below both its 7-day Simple Moving Average at $1.47 and its 30-day Simple Moving Average at $1.56. Momentum indicators reinforce this bearish sentiment, with the MACD displaying negative momentum and the 7-day Relative Strength Index sitting at 30.84. This indicates oversold conditions amid sustained selling pressure rather than a brief, isolated dip.
Looking ahead, the near-term market outlook remains heavily bearish as long as the legal uncertainty persists. If the selling pressure continues, the price is expected to test the critical support zone between $1.30 and $1.35, which aligns with the yearly low from early July. For any meaningful relief rally to materialize, Gram must decisively reclaim and hold above the $1.47 level to invalidate the current downtrend. Market participants should closely monitor trading volumes to determine if the initial news shock subsides or if heavy distribution continues.
