Gram Token Bounces After Durov Notes Surge in Wallets

Pavel Durov renamed the blockchain token Gram in June and promised deeper ties with Telegram. By November the price had fallen below one dollar for the first time in years, losing 65% from its May peak and 87% from the 2024 high near $8.3.

Durov then reported more than 700,000 wallets created in 48 hours, triggering an immediate 2.5% rebound. Daily trading volume jumped 120% to $97 million.

The token now sits at 29th place with roughly $3 billion in market value. Earlier Snoop Dogg sold nearly one million digital collectibles inside Telegram for $12 million in half an hour.

Based on information from cryptonews.net