Gram Falls 11% in an Hour, Breaks Below $1.30 for First Time Since August

Gram (formerly Toncoin) (GRAM) fell 11.08% in one hour on Oct. 23, dropping below $1.30 for the first time since early August and ending a months-long price range.

The token moved from $1.30 to $1.15 during that hour. Separately, Friday's liquidation totals were $5.83 million in long positions and $240,300 in short positions across exchanges. The figures are for Friday, not specifically for the hour of the price drop. Long positions are structured to gain when an asset's price rises.

GRAM reached $1.74 in late September, exceeding its August high of $1.56, before retreating toward the $1.30-$1.35 range, which had held since early August. An earlier 3.15% one-hour rise appears in a Sept. 28 GRAM price update.