Telegram founder Durov says GRAM is the only crypto built into a major social platform, "ridiculously overvalued."

Telegram founder Durov says GRAM is the only crypto built into a major social platform, "ridiculously overvalued."

Telegram founder and CEO Pavel Durov said GRAM, the original token of the TON blockchain, remains "ridiculously undervalued," calling it the only cryptocurrency built into a major social ecosystem. He argued that GRAM deserves a place among the top three cryptocurrencies by market capitalization and expressed confidence that it will eventually get there. Despite a broader decline in the crypto market, GRAM rose about 14% in 24 hours, while more than a million self-custodial Gram wallets were activated on Telegram in the previous 48 hours, according to Durov.