What is your opinion about Gram aka TON coin?

[100bitcoin]

It is primarily backed by Telegram founder Pavel Durov!

https://www.coingecko.com/en/coins/gram

[BitMaxz]

I haven't heard so much about gram lately in any community. Based on the current price movement, it seems it's dying. Even though the price of BTC has pumped for a few days, gram is still bearish.
Even though this project has tons of activity from their GitHub, I don't see big investors going to bet on Gram. Why did they come up with changing the coin name into Gram? It looks like they take the name of MoneyGram.

For me, for now, it's too risky buying and hold this, as you can see it's a stable price down unless we see that this is going to be hype, but no one, so many people, mention this except you.

[TastyChillySauce00]

I have mixed feeling about it, I believe this coin can grow even though they failed to take advantage of the hype of mini apps hosted on telegram platform which heavily utilizes the TON blockchain but the name GRAM is sanctioned by the SEC in 2020 with the $1.7 billion fundraising. The SEC then released an injunction to prohibit distribution of GRAM token to the investors. They also got fined for $18 million which resulted in cancellation of the fundraising.

Long story short, TON got released after that and now they want to rebrand their token to GRAM again which may rule out possibility of being adopted by financial institutions because of the associated history. So, I don't really put much hopes in this coin and not investing in it Never really used their blockchain as well.