Telegram has begun giving selected users access to its built-in, self-custodial Gram Wallet, with GRAM rebounding toward $1.40 as trading volume surged following the announcement. CEO Pavel Durov said the rollout will be gradual: “We’ll be gradually rolling it out to our billion+ users over the next couple of weeks.”
The wallet will become Telegram’s default crypto wallet, supporting self-custody, fee-free transfers, and Telegram Collectibles such as digital gifts, usernames and phone numbers. It follows Durov’s July pledge to bring a native non-custodial wallet to every version of the app. Telegram has not detailed identity checks, recovery, safeguards or regional restrictions, and no adoption target was disclosed.
Market data showed GRAM trading near $1.38–$1.40, up roughly 0.56% to 2.07% depending on the source, after briefly approaching $1.45–$1.46. Trading volume jumped by about 137% to 183%. On the 4-hour chart, GRAM faces resistance around $1.385–$1.40, with the next barrier near $1.45, while support sits near $1.360 and $1.333.
At the same time, Telegram renamed its existing Wallet in Telegram service to Walt. Gram Wallet will handle everyday transfers, payments and purchases, while Walt remains available via search for trading, investment, yield products and multichain services. Walt supports deposits and withdrawals for more than 300 crypto assets across four blockchains, trades over 200 assets, and offers tokenized stocks, ETFs, metals and perpetual futures.
The launch comes about two and a half months after the community approved renaming Toncoin to Gram with 81.22% support, effective June 15. The change did not create a new token or require a swap. The Gram name dates back to Telegram’s 2018 blockchain project, which was blocked after the SEC alleged a $1.7 billion unregistered securities offering. Telegram later settled in 2020, including $1.2 billion in disgorgement and an $18.5 million civil penalty.
