Key HighlightsGRAM token advanced approximately 2% toward $1.40 following Telegram’s initial Gram Wallet distribution to select usersDaily trading activity spiked 137% in response to the wallet launch newsThe Gram Wallet serves as Telegram’s native self-custodial solution, enabling fee-free transactions and transfersBlockchain validators greenlit the underlying smart contract infrastructure prior to deploymentTechnical analysis shows GRAM encountering resistance between $1.39–$1.45, with downside support identified at $1.33–$1.36The GRAM token experienced an approximate 2% price increase, reaching the $1.40 level after Telegram’s founder Pavel Durov revealed on August 31 that the messaging platform had begun distributing Gram Wallet to a select group of users. The digital asset momentarily peaked at $1.46 before experiencing pullback pressure, while market activity exploded with a 137% increase in trading volume coinciding with the announcement.Gram PriceThrough his official Telegram channel, Durov detailed the deployment strategy, explaining that the platform would “gradually roll it out to our billion+ users over the next couple of weeks.”The Gram Wallet represents an integrated solution embedded within the Telegram application itself, positioned to serve as the primary wallet option in user configurations. Operating on a self-custodial framework, the wallet empowers users to maintain direct control of their digital assets instead of relying on third-party custodians.HUGE: Telegram officially begins rolling out the Gram Wallet to ONE BILLION users.The wallet is now live for a select group, with Durov saying the full rollout reaches "our billion+ users over the next couple of weeks."It's self-custodial, zero-fee, and built directly into… pic.twitter.com/Sro83PtvVs— Coin Bureau (@coinbureau) August 31, 2026This integrated wallet solution enables zero-cost transfers, transaction processing, and in-app purchases throughout the Telegram ecosystem. Additionally, users gain access to purchase Telegram Collectibles, encompassing digital items such as unique gifts, premium usernames, and exclusive phone numbers.Prior to initiating the phased distribution, network validators conducted a thorough review and approval of the smart contract infrastructure supporting Gram Wallet. The contract architecture incorporates forward-compatible upgrade mechanisms, enabling future enhancements without necessitating user fund migrations to replacement contracts. This design choice minimizes user friction while simultaneously reducing vulnerability to phishing schemes that exploit fake migration notifications.According to official figures, Telegram’s user base exceeded one billion monthly active participants during 2025. The messaging giant has yet to publish specific adoption benchmarks or disclose the exact number of accounts granted access during this initial distribution wave.Evolution From Toncoin to GRAMThis wallet deployment arrives approximately ten weeks following Toncoin’s official transformation to GRAM. The community-driven rebrand secured approval through an overwhelming 81.22% favorable vote and became official on June 15. Importantly, the naming transition maintained token continuity—no new cryptocurrency was created, and existing holders faced no swap requirements.When Durov initially floated the rebrand proposal in early June, GRAM experienced significant market enthusiasm with an almost 19% rally, climbing to approximately $2.21 before experiencing partial retracement.Technical Analysis and Critical Price ZonesExamining the four-hour timeframe reveals GRAM’s recovery trajectory from a session low of $1.332 to roughly $1.385. The upper Bollinger Band currently positions near $1.386, establishing the $1.385–$1.40 range as the immediate resistance threshold.Breaking decisively above $1.40 would bring the $1.45–$1.46 territory into focus, a region where profit-taking emerged during the wallet announcement-driven rally. The Average Directional Index registers around 29, suggesting moderate directional momentum.$GRAM is trading inside a descending wedge on the 4H chart.Is this a setup for the next PUMP, or just another TRAP?Watching the breakout closely. pic.twitter.com/4gwd7n2yEb— CryptoJack (@cryptojack) August 31, 2026Market analyst CryptoJack highlighted via X platform that GRAM is currently confined within a descending wedge formation on the 4-hour timeframe, identifying this chart pattern as either a legitimate breakout opportunity or a potential bull trap, and emphasized active monitoring of the breakout scenario.The Awesome Oscillator maintained negative territory at roughly minus 0.029, indicating that bearish pressure persists despite the recent price recovery action.The post Telegram’s Gram Wallet Launch Drives GRAM Token Surge with 137% Volume Spike appeared first on Blockonomi.