TL;DR
GRAM rose about 8% while much of the crypto market traded lower, prompting Pavel Durov to highlight the token’s relative strength.
Durov called GRAM “ridiculously undervalued” and argued it belongs among CoinMarketCap’s three largest cryptocurrencies, presenting that as his market view rather than an established valuation.
CoinMarketCap later showed GRAM near $1.18, up about 9.3% over 24 hours but still roughly 86% below its all-time high.
GRAM climbed against a weaker crypto market after Telegram founder Pavel Durov highlighted its performance and argued it remains undervalued. In the reference snapshot, GRAM traded near $1.12 with an 8.65% gain and a market capitalization around $3.21 billion. Durov pointed to GRAM’s positive performance while several major crypto assets were trading lower. At drafting time, CoinMarketCap showed GRAM near $1.18 , up about 9.3% over 24 hours. The move renews attention on The Open Network after its native token’s rebrand from Toncoin to Gram.
Crypto’s a sea of red.
Only Gram is up +8%.
No surprise there. It’s the only coin built into a real social ecosystem.
Still ridiculously undervalued — it belongs in CMC’s top 3.
One day it’ll get there. pic.twitter.com/vp8q8z1puO
— Pavel Durov (@durov) November 10, 2026
Durov Says GRAM Remains Undervalued Despite Broader Losses
Durov described the market as a “sea of red” and said GRAM was up 8%, linking the performance to its integration with a real social ecosystem. He also called GRAM “ridiculously undervalued” and said it belongs among CoinMarketCap’s three largest cryptocurrencies. Those statements are Durov’s market view, not an objective valuation or guaranteed forecast. The comments build on his support for the Toncoin-to-GRAM rebrand , which restored its original branding in 2026.
The relative strength stood out because Bitcoin traded below $74,000 in the reference snapshot, while Ethereum hovered just above $2,000 . XRP and Solana were also lower, and Zcash posted one of the steeper large-cap losses. GRAM’s advance represented short-term outperformance while much of the broader market was under pressure. CoinMarketCap’s later snapshot placed GRAM near $1.18, with $3.37 billion in market capitalization and $184 million in 24-hour volume, extending attention around Telegram-linked GRAM adoption .
The rally does not erase GRAM’s longer-term losses. The reference noted that the token remained almost 8% lower over two weeks, about 21% below its level a month earlier and more than 46% down over the previous year. CoinMarketCap showed an all-time high of $8.24, leaving GRAM roughly 86% below that peak. The latest rally is a strong daily move inside a much weaker longer-term price structure. That contrast matters when weighing Durov’s claim against GRAM’s broader performance and renewed role inside the TON ecosystem .
CoinMarketCap identifies GRAM as the renamed native cryptocurrency of The Open Network, previously Toncoin, and showed a 24-hour range between roughly $1.08 and $1.22. The market data confirm short-term momentum, but they do not establish that GRAM is fundamentally undervalued or destined for a top-three ranking. Durov’s comments remain an attributed assessment, while the measurable development is the token’s relative gain during a session.
