Gram Is Only Bright Spot in Crypto Bloodbath, Durov Says
News By Alex Dovbnya Nov 11, 2026 Telegram founder Pavel Durov has touted Gram's strong performance amid the broader crypto sell-off, predicting that the Telegram-linked cryptocurrency will eventually break into the top three by market capitalization.Advertisement
Telegram founder Pavel Durov recently drew attention to the remarkable performance of The Open Network (TON) cryptocurrency Gram (GRAM) during the massive sell-off across the crypto space.
AdvertisementIn his latest post on the social media platform X, Durov shared that Gram was bucking the bearish market and had risen by 8% while other major cryptocurrencies were still struggling.
"Crypto's a sea of red. Only Gram is up +8%," the billionaire said.
HOT Stories Ripple's David Schwartz Reveals Massive XRP Sale ChainLink (LINK), Cardano (ADA), Dogecoin (DOGE) and Ethereum (ETH) Price Analysis for November 11: Bearish Market Hits Critical Fear LevelsThe Telegram founder explained that Gram is doing better thanks to its integration with Telegram. He argues that Gram has a serious advantage over other cryptocurrencies due to its connection to an existing social media ecosystem.
AdvertisementThe billionaire entrepreneur was extremely bullish on the future of Gram, claiming that it deserves to be among the top three largest digital assets by market capitalization.
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Mon, 11/09/2026 - 15:02 'Crypto Revolution Is Going Strong': Durov Reports 700,000 New Wallets for TelegramByGamza KhanzadaevThe Telegram founder said Gram was "still ridiculously undervalued," adding that he believes Gram will eventually get into CoinMarketCap's top three.
AdvertisementHowever, Durov's claim that only Gram is rising is not entirely correct.
Gram is currently trading around the $1.15 price level, according to CoinGecko data. Over the last 24 hours, Gram is up by 4.5%. Its market capitalization is now around $3.28 billion. It ranks 29th.
Of course, Gram is one of the best performers among major cryptocurrencies, but there are altcoins that have logged even stronger gains. For example, Bitway (BTW) is up by 18.8%. Lighter (LIT) is up by 10.8%. Internet Computer (ICP) is up by 8.2% over the last 24 hours.
Growing Gram ecosystem at Telegram
There have been some major developments in the Telegram crypto ecosystem.
For example, in June, a big change happened when the native cryptocurrency of TON officially changed its name from Toncoin (TON) to Gram (GRAM). Thus, the project restored the name that was first proposed for Telegram's blockchain project. A total of 81.22% of votes were in favor of the name change. Users don't need to swap their tokens.
Telegram is also working to increase adoption of its native self-custodial Gram Wallet to let users send crypto directly inside the messenger.
On Nov. 9, Durov said that more than 700K self-custodial wallets had been created in Telegram over 48 hours.
The Telegram founder said that it's possible to get Gram using wallet auto-activation without complex activation procedures.
There is also significant institutional interest in the ecosystem. For example, Nasdaq-listed TON Strategy said that it held about 235.1 million GRAM tokens at the end of Q3. The company reported $13.1 million in quarterly revenue on Nov. 10.
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