Pavel Durov Calls TON’s GRAM Token “Ridiculously Undervalued” as Price Rises 14%
Telegram founder and CEO Pavel Durov has described GRAM, the native token of the TON blockchain, as “ridiculously undervalued,” arguing that the cryptocurrency deserves a place among the world’s top three digital assets by market capitalization.
Durov said GRAM is the only cryptocurrency built directly into a major social platform, highlighting its integration with Telegram’s ecosystem. He also expressed confidence that the token would eventually reach the top three cryptocurrencies by market capitalization.
His comments come as GRAM records gains despite a broader downturn in the cryptocurrency market. The token rose approximately 14% over 24 hours, according to the information reported by Wu Blockchain.
More Than 1 Million Wallets Activated in 48 Hours
Durov also reported significant activity involving self-custodial Gram wallets on Telegram. More than 1 million of these wallets were activated during the preceding 48 hours, according to his statement.
The figure adds another data point to the activity surrounding GRAM and its integration with Telegram. However, the reported wallet activations and the token’s 14% price increase represent separate developments; the information provided does not establish a direct connection between the two.
Durov Sets His Sights on the Top Three
Durov’s assessment reflects his view that GRAM’s position within Telegram gives it a distinctive place in the cryptocurrency market. Unlike digital assets that operate separately from major social platforms, GRAM is built into a large social ecosystem through Telegram and the TON blockchain.
His ambition for the token is substantial. Durov believes GRAM deserves to rank among the top three cryptocurrencies by markets capitalization and said he is confident it will eventually achieve that position.
For now, the reported figures include a 14% gain over 24 hours and more than 1 million self-custodial Gram wallet activations on Telegram within 48 hours, alongside Durov’s strong assessment of the token’s current valuation.
Writer: Victoria HaleTechnology & Blockchain WriterVictoria Hale writes about blockchain technology, digital infrastructure, and the intersection of emerging technologies with finance. Her articles explore how new protocols and systems are shaping the evolving digital economy.She prioritises clarity and accuracy when explaining technical developments to a general audience.
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