TON (formerly Toncoin) has officially rebranded to Gram, reviving the name originally planned by Telegram before the SEC blocked the project in 2020. Alongside the rebrand, the TON Foundation announced it will permanently shut down its official bridge on September 1, 2026, forcing users to migrate assets before the deadline. TON traded at $1.57 on June 26, down 6% in a week and 81% below its $8.25 all-time high, with over 68% of the supply concentrated in whale wallets, according to CoinMarketCap.
Meanwhile, the meme coin market faced severe pressure after Bitcoin’s drop to $59,000 triggered $1.4 billion in liquidations on June 25, per CoinGecko. PEPE plummeted to $0.0000023, a 17% weekly decline and 92% below its December 2024 peak. The token’s market cap slipped under $1 billion for the first time since early 2024, and though Canary Capital’s PEPE ETF filing remains with the SEC, it has not halted the bleeding. Technical indicators for PEPE remain overwhelmingly bearish, with the 50-day moving average at $0.0000024 acting as immediate resistance.
Amid these downturns, a new presale project called Pepeto has drawn attention by raising more than $10.33 million. Promoted heavily in sponsored content, Pepeto claims to offer a live decentralized exchange, cross-chain bridge, and token scanner—tools missing from earlier meme coins like PEPE. The project is led by the original Pepe co-founder and a former Binance executive, with a confirmed Binance listing on the horizon. Analysts cited in the promotional pieces project a 100x return from the presale price, comparing it to early PEPE gains in 2023. However, the content appears in sponsored articles and disclaimers warn that the information is not financial advice, emphasizing the high risks associated with such investments.
