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ZEC $1,207 Telegram's GRAM token jumps 9% as Money wallet expands access
GRAM rose to $1.56 as Telegram widened access to Money, its non-custodial wallet for transfers and collectibles.
Key takeaways
- GRAM rose 9%. The token traded at $1.56 as Telegram widened Money access to more users.
- Volume climbed 41%. 24-hour trading volume reached $132.4 million and market capitalization hit $4.12 billion, the reports said.
- Over one billion users. Walt said Telegram is bringing Money to more accounts on a platform with more than one billion users.
What happened
Telegram is widening access to Money, its non-custodial wallet, beyond the selected users who had it before. Walt announced the expansion, which brings the wallet to more accounts on a messaging platform with over one billion users. GRAM rose 9% to $1.56 as the rollout was reported.
Money appears inside Telegram after a user receives an incoming transfer. Recipients can then top up from Walt in a few taps, and the reports describe those transfers as instant and carrying no network fees. Users can hold and send the TON blockchain's native token, and they can buy Telegram gifts and collectible usernames.
The wallet arrived in phases. Founder Pavel Durov first outlined plans for a native wallet in July, proposing instant transfers without fees across the messaging app, and by Aug. 31 he said selected accounts had begun receiving access, with availability set to expand gradually. Walt said in a Sep. 28 announcement that the former Wallet in Telegram service had adopted its new name after expanding beyond buying Toncoin and Bitcoin.
Why it matters
The rollout gives Telegram users another route to GRAM inside the messaging app, without being required to use a separate trading platform. Money handles transfers and collectible purchases, while Walt supports more than 300 assets, including Bitcoin, Ethereum and Solana, and the two products also differ on custody.
Telegram keeps building crypto into its messaging platform. The token's rebrand from Toncoin to Gram changed its market identity while the underlying TON blockchain kept its name, and Money's availability still depends on the rollout and access conditions for each user.
What the data shows
Market figures put GRAM at $1.56 after a 9% gain. Market capitalization reached $4.12 billion, and 24-hour trading volume climbed 41% to $132.4 million.
One report said the gain coincided with the wider Money rollout and erased bearish momentum that had taken over the token's trend in the last seven days.
Background
Durov's proposal placed self-custody directly inside Telegram rather than requiring users to download another wallet. He also said network validators had approved the wallet's supporting smart contract before the release began.
Walt supports holding, depositing and withdrawing more than 300 assets across four blockchains, and it lists Bitcoin, Ethereum and Solana alongside tokenized stocks, metals, perpetuals and Earn programs.
What is still unclear
- Money's availability remains dependent on the rollout and access conditions for individual users, the reports say.
- The two reports describe the wallet announcement differently: one attributes it to Walt, the other says Money announced it on Friday.
Questions readers ask
What is Telegram's Money wallet?
Money is Telegram's non-custodial wallet for token transfers and collectible purchases. It appears inside the app after a user receives an incoming transfer, and recipients can top up from Walt in a few taps, with transfers described as instant and carrying no network fees.
Why did GRAM rise 9%?
GRAM rose 9% to $1.56 as Telegram expanded Money access beyond the users who previously had the wallet. Market capitalization reached $4.12 billion and 24-hour trading volume climbed 41% to $132.4 million.
What is the difference between Money and Walt?
Money focuses on GRAM transfers and collectible purchases, while Walt supports more than 300 assets, including Bitcoin, Ethereum and Solana, alongside tokenized stocks, metals, perpetuals and Earn programs. Money is non-custodial, while Walt provides both custodial and a separate decentralized finance wallet.
Was GRAM called Toncoin?
Yes. GRAM is formerly Toncoin, and the rebrand changed the asset's market identity while the underlying TON blockchain retained its name.
