- Durov cited an 8% GRAM gain on November 10 and later reported a 14% daily rise.
- A November 11 market snapshot placed GRAM 29th by value at roughly $3.28 billion.
- Telegram wallets activate when they receive GRAM, so activations alone do not measure repeat use.
Telegram founder Pavel Durov said GRAM belongs among the three largest cryptocurrencies by market value. In a November 10 post, he pointed to an 8% gain during a broader sell-off.
His case rested on how people can use the token inside Telegram. He later reported that more than one million wallets had activated in just 48 hours.
Why Pavel Durov sees Telegram as an advantage for GRAM
Pavel Durov called GRAM “ridiculously undervalued,” arguing that few digital assets have comparable access to an established social network. Telegram users can send the native token of The Open Network directly to their contacts without leaving the messenger.
The wallet design helps explain the activation figures. According to Durov’s Telegram channel, a self-custodial wallet activates when someone first receives GRAM. A recipient can therefore count toward the total without first downloading a separate wallet app.
On November 9, Pavel Durov reported more than 700,000 wallet creations in 48 hours. His subsequent update put activations above one million over another 48-hour window. Neither figure shows how many recipients later sent a second payment or continued holding the token.
Where GRAM ranked during the wider crypto sell-off
The GRAM price traded near $1.15 in CoinGecko figures reported on November 11. That snapshot showed a 4.5% daily gain and a market value of $3.28 billion, placing the token 29th.
Other tokens also rose during that period. Bitway gained 18.8%, Lighter added 10.8%, and Internet Computer climbed 8.2%. Those figures qualify the earlier claim that GRAM alone had gained ground.
In a later update, Pavel Durov cited a 14% gain over 24 hours and called GRAM the strongest performer among the top 100 coins. That ranking measured one day’s price change. His top-three prediction concerns total market value, and he gave no deadline for reaching it.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
