Gram (GRAM), formerly known as Toncoin, fell from about $1.30 to $1.15 on Oct. 23, an 11.08% one-hour drop after returning toward the $1.30-$1.35 area from its September high.
As of 13:22 UTC Saturday (9:22 a.m. ET), CoinGecko and exchange spot data put GRAM at $1.25, down 4.54% over 24 hours.
Exchanges recorded $5.83 million in long liquidations and $240,300 in short liquidations on Friday. The liquidation totals aggregate Friday’s activity; the 11.08% drop describes a single hour. Long positions are structured to benefit from rising prices, while shorts are positioned to gain when prices fall. A liquidation forcibly closes a trader’s position.
The token’s September peak was $1.74, above its $1.56 August high; later it returned toward the $1.30-$1.35 area. A Friday evening EconoTimes market update put GRAM at $1.19, with a 9.03% 24-hour decline as of 6:59 p.m. ET (22:59 UTC). The same update said Binance’s GRAM/USDT spot pair had fallen 4.63% in the prior hour.
