Telegram CEO Pavel Durov Calls GRAM Undervalued Following 8% Price Surge
Key Summary
Telegram CEO Pavel Durov asserted that GRAM is undervalued and destined for a top-three valuation after the token gained 8.65% to hit a $3.26B market cap while wider crypto markets traded lower.
Key Bullets
- Telegram founder Pavel Durov stated on X that GRAM is ridiculously undervalued and belongs in the top three cryptocurrencies.
- Data from CoinGecko verified GRAM trading near $1.14 with a $3.26B market capitalization and $113M in daily volume.
- Broader spot markets slumped as Bitcoin dipped below $74,000 and Zcash dropped by 12% across twenty-four hours.
- Despite the daily green candle, the asset remains down 46% over the past year and 86% below its all-time high.
Durov Declares GRAM Undervalued Amid Red Markets
Telegram chief executive Pavel Durov stated on X that The Open Network's native GRAM token is severely undervalued after posting an 8.65% gain on November 11 while major digital assets plunged. Market data tracked by CoinGecko confirmed the asset changed hands near $1.14 with a valuation of $3.26B.
Trading volume spiked by 50% over a twenty-four-hour window to reach $113M. Durov attributed the relative strength to native social platform integration. Bitcoin hovered below $74,000 following a 1% daily decline. Ethereum shed 2.4% to trade just above $2,000.
Broader Metrics Reveal Persistent Historical Losses
Alternative layer-1 assets suffered steep corrections alongside primary majors. Ripple and Solana each dropped 3.5% over the same trading window. Zcash led large-cap losses with an absolute decline of nearly 12% on public exchange order books.
Longer-term valuation charts present a starkly different outlook than executive commentary. The asset remains down nearly 8% across two weeks and 21% lower over a thirty-day span. Historical pricing metrics compiled by CoinGecko show the token trading 46% lower across the past twelve months and sitting 86% below its July 2024 peak of $8.25.
Corporate Treasuries and Messenger Integration Fueling TON Ecosystem Expansion
Today's development follows an established trajectory that began on November 11, 2026, when corporate treasury metrics first revealed significant institutional backing for the network. During those November financial filings, Nasdaq-listed firm TON Strategy reported holding 235,100,000 GRAM tokens alongside $13.1M in quarterly revenue. Messenger analytics demonstrated rapid organic adoption as users created over 700K self-custodial Gram Wallet accounts inside Telegram across a compressed 48-hour window. This foundational user acquisition and corporate accumulation provided the early structural support underpinning executive optimism during subsequent market downturns.
Impact score:2 out of 5 | Narrative Tracker:Layer 1 / Layer 2 Infrastructure
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