WuBlockchain
GRAM rose about 14% in 24 hours despite a broader crypto market downturn, as Telegram founder and CEO Pavel Durov called the token “ridiculously undervalued.”
Durov said GRAM is the only cryptocurrency built into a major social ecosystem. He argued that it deserves a place among the top three cryptocurrencies by market capitalization and expressed confidence it would eventually get there.
Why it matters
Durov said more than 1 million self-custodial Gram wallets were activated on Telegram over the preceding 48 hours. The figure points to the scale of wallet activity on the messaging platform, though his top-three prediction remains a forecast, not a market result.
Market impact
The 14% gain came as the broader crypto market fell. GRAM's price move and the wallet activation figure are distinct measures: one tracks market performance, while the other counts wallet activations.
Frequently asked questions
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How many Gram wallets did Durov say were activated?
Durov said more than 1 million self-custodial Gram wallets were activated on Telegram over the preceding 48 hours.
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How did GRAM perform against the broader crypto market?
GRAM rose about 14% over 24 hours while the broader crypto market declined.
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What market-cap ranking does Durov predict for GRAM?
Durov said GRAM deserves a place among the top three cryptocurrencies by market capitalization and expressed confidence it would eventually reach that ranking.
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What does Durov say distinguishes GRAM from other cryptocurrencies?
He said GRAM is the only cryptocurrency built into a major social ecosystem.
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Do wallet activations measure the same thing as GRAM's price gain?
No. Wallet activations count wallets activated, while the price gain measures GRAM's market performance.
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