Telegram Founder Highlights Gram Performance During Crypto Dip

Gram Holds Steady During Market Pullback

Telegram founder Pavel Durov recently pointed out the strength of Gram (GRAM) during a widespread crypto market pullback on November 11, 2026.

Sharing his thoughts on the social media platform X, Durov observed that while many digital assets were struggling, Gram had jumped 8%. He described the overall market conditions as a sea of red with Gram standing out as a rare positive performer at that moment.

Durov explained that Gram benefits directly from its integration into Telegram. In his view, deep connection to an existing social media ecosystem gives the token a strong structural advantage compared to projects without built-in user bases.

Valuation Claims and Market Context

The entrepreneur expressed strong optimism regarding the project's future, claiming Gram remains ridiculously undervalued and predicting it will eventually reach the top three digital assets by market capitalization.

Reaching a top-three market rank would require sustained platform adoption, broad utility growth, and favorable macroeconomic conditions. However, cryptocurrency markets are inherently volatile, and shifts in sentiment or regulatory adjustments could cause prices to decline instead.

While Gram performed well, Durov's assertion that it was the only token rising was not entirely accurate across the whole market. CoinGecko data showed Gram trading near $1.15, marking a 4.5% gain over 24 hours with a market capitalization of $3.28 billion, placing it at rank 29.

Other altcoins also recorded gains during the same 24-hour period. For instance, Bitway (BTW) rose 18.8%, Lighter (LIT) climbed 10.8%, and Internet ComputerICP+4.98% gained 8.2%. Past performance of digital assets is not an indicator of future results.

Ecosystem Updates and Rebranding

The network has seen significant updates in recent months. In June, the native cryptocurrency officially changed its name from Toncoin (TON) to Gram (GRAM), restoring the original name planned for Telegram's blockchain efforts.

The renaming proposal passed with 81.22% of community votes in favor. Token holders did not need to perform any technical swaps during the transition.

User Adoption and Institutional Interest

Telegram has also been expanding the reach of its native self-custodial Gram Wallet, enabling users to transfer funds directly inside the messaging platform without complex setup steps.

On November 9, Durov stated that over 700,000 self-custodial wallets were created within Telegram in just 48 hours.

Institutional involvement in the ecosystem has also been documented. Nasdaq-listed entity TON Strategy reported holding approximately 235.1 million GRAM tokens at the end of Q3. On November 10, the firm reported quarterly revenue of $13.1 million.

Broader Market Environment

These ecosystem updates take place amidst broader market tension. Recent price analysis from November 11 showed critical fear levels affecting major assets like Chainlink (LINK), CardanoADA-1.93%, Dogecoin (DOGEDOGE-2.27%), and EthereumETH-1.48%, alongside news of RippleXRP-2.71% CTO David Schwartz disclosing a large XRP sale.