Gram Price Skyrockets to $1.67 with Massive Short Liquidations

The price of Gram (prev. Toncoin) rose significantly in one hour, reaching $1.67 as of 6:02 a.m. ET on September 28. This increase marks a 3.15% gain for the cryptocurrency over the past hour. Additionally, Gram has seen a substantial 24-hour gain of 4.11%, with its market capitalization currently sitting at approximately $4.68467 billion.

The rise in price was accompanied by significant short liquidations on major exchanges such as Binance, Bybit, and OKX. During the same hour, $10,000 in shorts were liquidated across these platforms, while long positions saw no liquidation whatsoever.