10 Fastest Growing Tech Penny Stocks to Buy

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6. TON Strategy Co (NASDAQ:TONX)

On July 1, 2026, TON Strategy Co (NASDAQ:TONX) announced that it entered into a Rule 10b5-1 trading plan to facilitate the repurchase of common stock during a two-month period beginning July 1. The plan was established under the company’s existing $250M stock repurchase authorization announced on September 3, 2025. Virtu Financial will serve as the executing broker under the plan.

On June 15, TON Strategy highlighted the TON community’s rebrand of Toncoin, the native currency of The Open Network, to “Gram.” The rebrand followed a community governance vote that concluded on June 8, 2026, with public reports indicating that 81.22% of participating voting power supported the proposal. TON Strategy said the rebrand changes the native asset ticker, while the underlying blockchain and network name remain TON. No token swap, migration, bridge, claim, or conversion is required, and TON Strategy’s Nasdaq ticker, TONX, is unchanged.

CEO Kevin Wilson called the move from Toncoin to Gram an “important identity milestone” for the TON ecosystem, saying the new name can help make the network easier for users to understand as TON develops around Telegram-native use cases. The company also said recent TON ecosystem developments have focused on improving usability, performance, and developer experience.

TON Strategy Co (NASDAQ:TONX) operates as an interactive video-based social commerce company.

While we acknowledge the potential of TONX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TONX and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Fastest Growing Tech Penny Stocks to Buy.

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