Telegram Adds 700,000 Self-Custody Wallets in 48 Hours, Durov Says
Pavel Durov says Telegram added over 700,000 self-custody wallets in 48 hours. GRAM recovered above $1 after briefly falling below the threshold.
Key Notes
- Pavel Durov reports more than 700,000 self-custody wallets created on Telegram over the preceding 48 hours.
- A wallet activates when its recipient receives Grams, while the announcement does not disclose unique-user or ongoing-activity data.
- GRAM briefly traded below one dollar before recovering above that level.
More than 700,000 self-custody cryptocurrency wallets were created on Telegram in the preceding 48 hours, founder Pavel Durov said on November 9. He credited a design that activates a wallet as soon as its recipient receives Grams, the native currency of the TON blockchain.
The growth claim arrived as GRAM briefly traded below $1. The token had recovered to around $1.05 on CoinGecko’s price page when checked for this report, separating the day’s intraday low from its subsequent trading level.
Durov Points to Automatic Wallet Activation
In his November 9 post, Durov described adoption as spreading through transfers between users and said, “The crypto revolution is going strong.” He published the same wallet-growth message on his Telegram channel.
The figure is Durov’s reported wallet count. His statement does not provide a methodology, a count of unique people or data on how many of those wallets continue transacting after activation. It therefore measures a different milestone from sustained activity or payment volume.
Receiving tokens gives users an immediate reason to access a wallet. That distribution mechanism also means the number of newly created wallets alone does not establish how many recipients independently bought GRAM.
Money Extends Telegram’s Earlier Gram Wallet Rollout
Durov had said on August 31 that Gram Wallet was ready for selected users and would gradually reach more of Telegram’s audience. He also said its smart contract would support future upgrades without requiring wallet migrations.
Walt’s October 9 rollout announcement identified the native wallet as Money. It said the Money section appears after a user receives a transfer, and described storing and sending Gram, buying gifts and purchasing collectible usernames among its uses.
CoinScreamer’s earlier wallet coverage examined that wider introduction. The new figure adds a reported adoption milestone rather than announcing the wallet for the first time.
Money also has a different role from Walt, formerly Wallet in Telegram. In his September 28 company letter, Walt CEO Andrew Rogozov described Gram Wallet as the simpler entry point for Telegram activity, while Walt provides broader trading, investing and access to assets across multiple networks.
GRAM Recovers After a Brief Drop Below $1
CoinGecko data showed a 24-hour low of $0.9923 and a high of $1.07, with the displayed price near $1.05. Those figures indicate a temporary move below the round-number level, rather than a price that remained below it when checked.
GRAM is the renamed Toncoin. TON’s official media materials identify Gram as the token name and GRAM as its ticker, while TON remains the blockchain’s name. CoinScreamer covered the earlier token rebrand.
Durov’s wallet figure and the market quote describe separate developments. The announcement gives no evidence that the wallet activations caused the price movement, and a growing wallet count by itself does not establish demand strong enough to support a particular token price.
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