GRAM has rebounded toward $1.40 after Telegram began releasing its self-custodial Gram Wallet to selected users, while trading volume rose about 137% around the announcement.
Telegram Begins Phased Gram Wallet Release
Telegram CEO Pavel Durov said the company had started giving selected users access to Gram Wallet before expanding availability across the messaging platform over the coming weeks. Built directly into the messaging app, Gram Wallet will become the default wallet displayed in Telegram's user settings. The product uses a self-custodial structure, allowing users to control their crypto assets instead of leaving custody with a centralized provider.
Zero-Fee Transfers and Collectibles Support
Telegram plans to support instant, zero-fee transactions through the wallet. Users will be able to send funds, make payments, and complete purchases inside the app. Gram Wallet will also support Telegram Collectibles, a category that includes digital gifts, usernames, and phone numbers. Network validators approved the smart contract supporting Gram Wallet before the phased release, with a design allowing developers to upgrade the wallet without requiring users to transfer holdings into a replacement contract.
Toncoin Became GRAM After 81% Vote
The wallet release comes about two and a half months after Toncoin officially became Gram. A community vote approved the change with 81.22% support, and the renamed asset took effect on June 15. The blockchain retained The Open Network name, while its native cryptocurrency changed from Toncoin and the TON ticker to Gram and GRAM. Existing balances, wallet addresses, smart contracts and staking positions remained in place. The Gram name originated in Telegram's 2018 blockchain project, which faced SEC enforcement action before being settled in 2020.
GRAM Price Tests Resistance Near $1.39
Market data showed GRAM trading near $1.40, up approximately 2.07% over 24 hours. The announcement initially carried the token close to $1.45 before sellers erased part of the increase. Bollinger Bands placed the 20-period midpoint near $1.360, with the upper band at approximately $1.386. A sustained move above $1.40 would expose the recent rejection area between $1.45 and $1.46. The Awesome Oscillator remained below zero, indicating that bearish momentum had not fully cleared despite the rebound.
