Pavel Durov said that Gram, the cryptocurrency of The Open Network (TON), was resisting the heavy crypto-market sell-off, rising 8% in his announcement on X. The Telegram founder attributed this performance to Gram’s integration with the messaging platform’s ecosystem and argued that the asset remained significantly undervalued, with the potential to reach CoinMarketCap’s top three by market capitalization. According to CoinGecko, Gram was trading around $1.15, up 4.5% over 24 hours, with a market capitalization of approximately $3.28 billion, ranking 29th. Durov’s claim was not entirely accurate, however, as Bitway, Lighter and Internet Computer recorded larger gains over the same period. In June, Toncoin was officially renamed Gram following a vote in which 81.22% of participants supported the change, while Telegram worked to expand adoption of its self-custodial wallet, which surpassed 700,000 creations in 48 hours, and TON Strategy held about 235.1 million Gram tokens at the end of September.
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