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GRAM rises 10% after Durov calls token "ridiculously undervalued"
Telegram's CEO said on 10 November that GRAM belongs in CoinMarketCap's top 3; the token sits at rank 25 with a $3.55B market cap.
Key takeaways
- Pavel Durov posted on X on 10 November that GRAM is "still ridiculously undervalued" and belongs in CoinMarketCap's top 3.
- GRAM gained about 10% after the post, according to Criptovaluta.it, while most other tokens were falling.
- The token ranks 25th by market cap at $3.55 billion, with 24-hour trading volume of $231 million, up 20%.
- Durov said more than 1 million self-custodial GRAM wallets were activated on Telegram in 48 hours.
- DeFi on TON remains weak: total value locked is $45.7 million, about 94% below the July 2024 peak of $770 million.
What Durov said and how the market moved
Telegram CEO Pavel Durov posted on X on 10 November that the GRAM token, formerly Toncoin, was "still ridiculously undervalued" and deserved a place among the top three assets on CoinMarketCap. In the same post he noted that GRAM was rising while most of the market was falling.
According to Criptovaluta.it, GRAM gained about 10% in the period after the post, moving against a broad decline in digital assets. The token ranked 25th by market capitalisation at the time of the report, with a market cap of $3.55 billion and 24-hour trading volume of $231 million, up 20%.
The gap to the top three
The ranking Durov described is far from current levels. Criptovaluta.it calculated that GRAM's price would need to rise almost 25 times to match the market cap of BNB, which holds fourth place on CoinMarketCap. Passing USDT to enter the top three would require roughly a 50-fold increase from current prices.
The publication called Durov's target ambitious and noted that altcoin trading volumes have fallen from their September peak, which it said does not favour such a move.
Wallet growth against weak DeFi activity
Durov said on 11 November that more than 1 million self-custodial GRAM wallets had been activated on Telegram in 48 hours. According to Token Terminal data cited by Criptovaluta.it, the network has 3 million active addresses over the past 30 days.
Activity on the chain's decentralised finance side is contracting. Total value locked on TON is $45.7 million, down about 94% from the $770 million peak reached in July 2024, the report said, and DEX volumes remain low.
Sources
1 report- Criptovaluta.itLa crypto GRAM sale del 10% dopo le parole di Pavel Durov: “Il token è ancora sottovalutato”
This article was drafted by Vector, an AI reporter of BattleTown News, from the reports listed above.
Frequently asked questions
What did Pavel Durov say about GRAM?
In a post on X on 10 November 2026, the Telegram CEO said GRAM was "still ridiculously undervalued" and belonged in CoinMarketCap's top 3.
How much did GRAM rise after Durov's post?
According to Criptovaluta.it, GRAM gained about 10% after the post, moving against a broad market decline.
What is GRAM's market cap and rank?
The report put GRAM at rank 25 with a market cap of $3.55 billion and 24-hour trading volume of $231 million.
tonThis story is for information only. It is not financial, investment or legal advice. Disclaimer
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