The broader market is drifting lower, but Telegram’s GRAM is bucking the trend and leading the gains. Still, don’t mistake “700,000 wallets” for 700,000 buyers ⚠️
📱 Durov said Telegram added over 700,000 self-custody wallets within 48 hours, later revising the figure to over 1 million. PANews reported that GRAM (formerly Toncoin) rose about 10% in 24 hours to around $1.19, the biggest gain among the top 100 cryptocurrencies by market cap.
🔍 But according to GRAM Explorer data, of roughly 2.85 million wallets, only about 178,000 have a balance, with an average of around $11 per funded wallet. Wallets are activated automatically when they “receive GRAM,” and many are empty wallets “activated” by transfers.
📉 For comparison, GRAM is still down about 25% over the past month, while BTC is down about 11%.
🧭 My take: Distribution is a real advantage (one billion monthly active users), but wallet count ≠ capital inflows. Watch whether the number of addresses with balances and on-chain transfer volume can keep growing.
BTC is currently hovering around $74,000, ETF outflows have continued, and the market is waiting for a clear direction.
Do you think Telegram wallets can bring in real buying demand? Share your thoughts in the comments 👇
$GRAM $BTC #Telegram #加密市场 #Trending
For personal opinions only; not investment advice
📱 Durov said Telegram added over 700,000 self-custody wallets within 48 hours, later revising the figure to over 1 million. PANews reported that GRAM (formerly Toncoin) rose about 10% in 24 hours to around $1.19, the biggest gain among the top 100 cryptocurrencies by market cap.
🔍 But according to GRAM Explorer data, of roughly 2.85 million wallets, only about 178,000 have a balance, with an average of around $11 per funded wallet. Wallets are activated automatically when they “receive GRAM,” and many are empty wallets “activated” by transfers.
📉 For comparison, GRAM is still down about 25% over the past month, while BTC is down about 11%.
🧭 My take: Distribution is a real advantage (one billion monthly active users), but wallet count ≠ capital inflows. Watch whether the number of addresses with balances and on-chain transfer volume can keep growing.
BTC is currently hovering around $74,000, ETF outflows have continued, and the market is waiting for a clear direction.
Do you think Telegram wallets can bring in real buying demand? Share your thoughts in the comments 👇
$GRAM $BTC #Telegram #加密市场 #Trending
For personal opinions only; not investment advice
