Telegram: Pavel Durov Sees Gram Shaking Up Crypto’s Top 3

Pavel Durov sees big things for Gram. The founder of Telegram believes that the crypto linked to his messaging app will end up among the top three globally by market capitalization. On November 10, 2026, he welcomed an 8% rise in the token while the crypto market was falling. Adoption is also progressing: GRAM Explorer shows 207,412 funded Telegram wallets, while Durov announces more than one million activations in 48 hours.

Pavel Durov sees Gram joining the giants of crypto

The founder of Telegram expresses great confidence in Gram’s future. In a post on X, Pavel Durov defended the crypto integrated into his messaging app, which he considers largely undervalued.

On November 10, Gram rose 8% while the crypto market was experiencing a tough session. Durov then posted an update on Telegram mentioning a 12% increase. He believes Gram has an advantage over other cryptocurrencies due to its integration within a true social ecosystem.

His ambition is to see Gram join the top three cryptos on the CoinMarketCap ranking. The path remains long. On the November 11 consultation, CoinMarketCap showed a price near 1.24 dollars and market capitalization of about 3.54 billion dollars.

Gram was then in 25th position globally. The token remains far from Bitcoin, Ethereum, and Tether, which dominate the ranking. Gram is not a new crypto. It is the former Toncoin, renamed on June 15, 2026 after a community vote.

This name change did not trigger any technical migration. Balances, addresses, and existing contracts remained unchanged. The name Gram recalls the project initially developed by Telegram before its abandonment in 2020 following a conflict with the US SEC.

Telegram approaches one million wallets created in 48 hours

New data from GRAM Explorer allows measuring the expansion of the wallet integrated into Telegram. During our consultation on November 11, the counter showed 973,633 new crypto wallets created in the previous 48 hours.

The day already accounted for 226,026 additional creations, according to the daily counter. Pavel Durov had announced more than 700,000 wallets created in 48 hours on November 9. He then mentioned over one million activations in the same rolling period.

These recordings were taken at different times. Activity is not limited to creations. GRAM Explorer also reported 191,069 active wallets during the day and 241,631 transactions.

The service considers wallets active if they have made transactions on the blockchain. Expansion accompanies the deployment of Telegram’s non-custodial wallet, launched to an initial group of users at the end of August.

An account can receive Gram without its owner having previously opened the crypto wallet interface.

Telegram is also strengthening its involvement in The Open Network. In May, Durov had already announced that Telegram would become the largest validator of the TON network. Gram is notably used to pay fees on the blockchain and for staking. Integration with the messaging app also facilitates its use in TON ecosystem services and applications.

Only 207,412 wallets hold Gram

However, crypto wallet creations do not tell the whole story. GRAM Explorer showed precisely 207,412 Telegram wallets with a balance during our November 11 consultation.

These accounts held together about 1.69 million GRAM. These are the holdings identified in the Telegram wallets tracked by the explorer, not the total Gram circulating on the market.

The distinction between creation, activity, and holding remains important. A crypto wallet can be created without receiving cryptos. Another can make transactions without holding a balance at the time of the report.

The number of wallets does not necessarily correspond to the number of people either, as one user can control multiple addresses. For Durov, Telegram’s audience represents a considerable advantage. The messaging app has more than one billion monthly users. But converting this audience into regular Gram holders will take time. The price also remains far from its all-time high of 8.24 dollars reached in June 2024.

The recent rise does not erase the losses accumulated since that peak. The gap between wallet deployment and its financial use is already a subject for analysis. Cointribune has notably examined the differences between Telegram wallets created, active, and funded. The updated figures from GRAM Explorer confirm the interest of this distinction. Durov aims for the global top 3, but Gram will still have to convert its strong visibility into lasting financial adoption.