Telegram just switched on more than a million self-custodial wallets in 48 hours, and $GRAM was the only top-100 coin to rally hard on a red day.
Gram (formerly Toncoin) peaked about 10% higher before giving half of it back.
The interesting part is the gap between wallets created and wallets with money in them.
Why it's trending
What happened?
Pavel Durov posted that 1M+ Gram wallets were activated on Telegram in 48 hours; a screenshot showed 1,008,151. On Nov 9 the figure was 700K+. GRAM topped the CMC top-100 gainers while BTC and ETH slipped.
Is that real usage?
Partly. The GRAM explorer shows about 207K of the new wallets hold a balance, roughly 1.69M GRAM in total. Daily active wallets reached ~191K on Nov 11.
Market snapshot
Where's the price?
About $1.18, +4.3% in 24h, after a $1.11–$1.26 range.
Market cap is roughly $3.4B, rank ~#28.
Futures volume ($272M) is running well ahead of spot ($90M)
Bounce, not trend
What do the levels say?
$GRAM is under its 50-day EMA (~$1.27) and far below the 200-day EMA (~$1.47).
RSI readings range from 43 to 54, up from below 30 a week ago.
Resistance: $1.27, $1.36, $1.445 (0.618 Fib).
Support: $1.16, $1.08, $0.99 (early-November low).
Open interest is $135.6M, up 12.5% in a day, with funding slightly negative.
A whale on Aster runs a 9x long of about 3.11M GRAM, per Lookonchain.
Users up, money thin
✅ Telegram's wallet is native, self-custodial and fee-free for transfers, and it activates when someone receives Gram.
✅ TON Strategy holds 235.1M GRAM, almost all staked at ~16%, and keeps buying back its own shares.
✅ Europe already has Gram staking ETPs from 21Shares and CoinShares.
⚠️ DeFi TVL is about $42.9M, down from $92M in May.
⚠️ Around 37M GRAM unlocks every 30 days, and a 1.08B release lands in February 2027.
⚠️ TON Strategy booked a $24M Q3 loss, mostly from GRAM's price drop.
Three paths
🟢 Hold $1.16 and close above $1.27: $1.36 is next, if funded wallets keep climbing.
⚪ Chop between $1.08 and $1.27 while BTC drifts.
🔴 Lose $1.08 and the $0.99 low comes back.
Who says what
Dikshant Dibbey (CoinGabbar) sees a $1.152–1.314 base range, with $1.49 and $1.64 above $1.314.
Ismail Rustamov (market researcher) argues Telegram's push hasn't yet produced lasting demand and flags the February 2027 unlock.
Durov calls GRAM "ridiculously undervalued" and expects a CMC top-3 spot. That's a founder's view, not analysis.
Dates
Thu Nov 12 US jobless claims
Fri Nov 13 US PPI
Wed Nov 18 FOMC minutes
Next monthly unlock: date not published
My read: wallet creation is the headline, funded wallets are the signal. If the 207K figure keeps rising next week, the bounce has legs.
Will $GRAM close a day above $1.27 before Nov 20? Yes or no, and why? 👇
Educational content, not financial advice. DYOR.