Key Takeaways Telegram plans a native non-custodial Gram wallet for over 1 billion users this summer. GRAM spiked 8% to an intraday high of $1.55, trading near $1.52 at writing. TON counted 1
Transactions inside the wallet are set to be instant and free, and users hold their own private keys rather than trusting an operator.
“We’re bringing a native non-custodial Gram wallet to every Telegram app!” Durov wrote in the post, calling the launch the largest rollout of a non-custodial crypto wallet in history. The announcement gathered more than 377,000 views within its first hour.
Pavel Durov announces Telegram non-custodial wallet. The token repriced within the hour. TradingView hourly data shows GRAM breaking out of a two-week base near $1.43 to an intraday high of $1.55, a move of roughly 8%, on the heaviest hourly volume in weeks at more than 144,000 GRAM on the breakout candle. At the time of writing GRAM trades near $1.52, keeping about 6.5% of the move as early buyers took partial profit into the spike.
Gram hourly chart shows price breakout. A single candle reclaimed the 50-hour and 100-hour moving averages that had capped every bounce since early July, and the price is now testing the longer-term average near $1.52 from above. The hourly RSI prints 75, overbought territory that often precedes sideways digestion rather than immediate continuation. Holding the reclaimed $1.44 to $1.46 band would keep the breakout structure intact, while a slide back under the pre-announcement $1.43 could mark this as another headline fade.
The wallet is the logical next move in Durov’s seven-step “Make TON Great Again” roadmap, of which three steps remained undisclosed entering July. The revealed steps delivered a 10x speed upgrade with sub-second finality, a sixfold fee cut to about $0.0005 per transaction with fully feeless transfers promised next, Telegram replacing the TON Foundation as the network’s largest validator, and the June rebrand of Toncoin to Gram, which The Block reported passed a community vote with 81.22% support and took effect June 15 with no token swap. The wallet also extends the payments push that began with TON Pay inside Telegram Mini Apps in February.
The number this announcement attacks is the activation gap. When CoinShares set its $3.50 base case on GRAM, the network counted just 1.78 million monthly active wallets against Telegram’s 1 billion monthly users, and research head James Butterfill’s caveat was that the best user funnel in crypto still has to prove people actually transact. That warning aged quickly: as our earlier analysis of why the GRAM hype faded documented, the token surrendered the entire rally triggered by Telegram’s takeover of the network before this week’s bounce.
The confirmation signal is usage, not price. If the summer rollout ships to the full user base, monthly active wallets need to inflect visibly by the end of the third quarter; if that figure stays near 2 million while the token drifts back under $1.43, the skeptics keep the argument. A nearer test arrives on July 27, when a scheduled unlock of 2.8 million GRAM adds supply into the rally.
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