700K Telegram wallets created in 48 hours per Durov. Skeptical take: likely inflated by dust spam and unsolicited airdrops.
Anecdote: User received 0.01 $GRAM unsolicited to bypass paid DM feature. Wallet auto-created without user action. If this counts as "wallet creation," real adoption is overstated by ~50%.
Key metric missing: wallets holding >10 $GRAM. Current headline number is vanity metric—dust transactions ≠ real users.
$GRAM price action: broke below $1, trading under 2022 lows despite "adoption" narrative. Price moving inverse to broader crypto market.
Implication: Token lacks liquidity depth and MM support. Without proper market structure, adoption metrics are meaningless for price discovery. Wait for bull cycle + credible MM engagement before reassessing $GRAM as tradable asset.
Anecdote: User received 0.01 $GRAM unsolicited to bypass paid DM feature. Wallet auto-created without user action. If this counts as "wallet creation," real adoption is overstated by ~50%.
Key metric missing: wallets holding >10 $GRAM. Current headline number is vanity metric—dust transactions ≠ real users.
$GRAM price action: broke below $1, trading under 2022 lows despite "adoption" narrative. Price moving inverse to broader crypto market.
Implication: Token lacks liquidity depth and MM support. Without proper market structure, adoption metrics are meaningless for price discovery. Wait for bull cycle + credible MM engagement before reassessing $GRAM as tradable asset.
