GRAM (TON) rises by 3.78% despite below-average volume

On October 28, 2026, the GRAM token, associated with the TON (The Open Network) network, recorded an increase of 3.78% to close at 1.24 dollars, with no identified catalyst. This movement, which occurred in a context of below-average trading volume, raises questions about the sustainability of this progression, as the cryptocurrency market remains marked by persistent volatility. Context GRAM, formerly known as Toncoin, is the native token of the TON network, a blockchain initially developed by the Telegram team before being taken over by an open-source community. The project distinguishes itself through its "sharded" architecture, designed to offer high scalability, and has for several years attracted developers seeking to build decentralized applications (dApps). Despite these technical assets, the token struggles to establish itself against competitors like Ethereum or Solana, which dominate the blockchain infrastructure (L1) sector. In October 2026, the cryptocurrency market is going through a consolidation phase, with mixed performances for major assets: Bitcoin and Ethereum show weekly declines of 3.49% and 4.78% respectively, according to CryptoScore Pro data. In this context, GRAM maintains a modest market capitalization (3.52 billion dollars), far behind the sector leaders, but with a quality score of 75.9 out of 100, reflecting a positive evaluation of its fundamentals by analysts. The Facts On October 28, 2026, the price of GRAM rose by 3.78% in 24 hours, moving from 1.19 dollars to 1.24 dollars, according to DiarioBitcoin data and confirmed by CryptoScore Pro. This increase comes after a series of negative performances: -7.55% over seven days and -20.26% over one month. Several key elements characterize this session: Trading Volume : The 24-hour volume stands at $23.79 million (CryptoScore Pro), which is 36.71% lower than the average of the last 30 days ($44.99 million, according to DiarioBitcoin). This weakness suggests a lack of investor conviction. Technical Indicators : The token is trading below all of its simple moving averages (SMA) from 7 to 200 days, a signal traditionally interpreted as bearish. The RSI (Relative Strength Index) at 36 and the MACD (Moving Average Convergence Divergence) in negative territory (-0.0552) reinforce this cautious reading. Holder Concentration : The top 10% of addresses hold 30.1% of the circulating supply, a level of concentration that exposes the token to risks of massive sell-offs in the event of a change in sentiment. Several data points, however, remain unavailable or unconfirmed: No catalysts (partnerships, technical updates, institutional flow) have been identified to explain the increase. Derivatives indicators (funding rates, open interest) and on-chain metrics (number of transactions, active addresses, total value locked) are not provided. The token unlock schedule and detailed holder distribution are not disclosed, limiting the analysis of potential supply pressures. Finally, a divergence appears between sources: DiarioBitcoin mentions a capitalization of 3.52 billion dollars, while CryptoScore Pro indicates 3.52 million dollars. This inconsistency, unresolved in the available data, highlights the need to cross-reference information with official project sources. Understanding Key Concepts Moving Averages (SMA) and Technical Indicators Simple Moving Averages (SMA) are tools used to smooth price fluctuations over a given period (7, 20, 50 days, etc.). For example, an SMA-20 calculates the average price of the last 20 days. When the price of an asset is below its SMAs, as is the case for GRAM, it can indicate a bearish trend. These indicators, combined with others such as the RSI or MACD, help traders assess the strength of a trend, but do not predict future movements on their own. Trading Volume and Liquidity Trading volume represents the total amount of transactions carried out on an asset during a given period. High volume generally signals strong investor interest, while low volume, such as that observed for GRAM ($23.79 million), can reflect a lack of conviction or a consolidation phase. Liquidity, closely linked to volume, measures the ease with which an asset can be bought or sold without affecting its price. Low volume exposes the token to more volatile price movements. Market Capitalization and Circulating Supply The market capitalization of a token is calculated by multiplying its price by the number of tokens in circulation. For GRAM, it stands at $3.52 billion (according to DiarioBitcoin), a figure that reflects the overall valuation of the project, but says nothing about its actual economic health. The circulating supply (2.82 billion GRAM, according to CoinStats) differs from the total supply (5.26 billion), as some tokens may be locked or not yet issued. This distinction is crucial for assessing potential price pressure in the event of a massive unlock. Quality Score (CryptoScore Pro) CryptoScore Pro is a rating assigned by the platform of the same name to evaluate the solidity of a blockchain project. On a scale of 0 to 100, GRAM scores 75.9, a score that takes into account criteria such as technology, adoption, governance, or transparency. This type of synthetic indicator allows investors to quickly compare projects, but it does not replace a thorough analysis of the fundamentals, such as the revenue generated by the protocol or user activity. Analysis: what is at stake The 3.78% increase in GRAM on October 28, 2026, occurs within a context of low liquidity and the absence of an identifiable catalyst, making it a technical movement rather than a structural reversal. According to CryptoScore Pro data on this date, the 24-hour trading volume ($23.79 million) remains 36.71% lower than the 30-day average, signaling an imbalance between supply and demand. This volume weakness limits the scope of the rebound, as it suggests reduced investor participation, particularly from institutional investors, whose flows are…