Crypto NewsAltcoinTelegram Founder Pavel Durov's Latest Statements Sent an Altcoin's Price Soaring

Telegram Founder Pavel Durov’s Latest Statements Sent an Altcoin’s Price Soaring

Telegram founder Pavel Durov's statements today have ignited a price surge in the platform's associated altcoin.

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Telegram founder Pavel Durov announced that they plan to integrate a cryptocurrency wallet into the Telegram app this summer, a wallet that doesn’t offer a native storage service for GRAM and allows users to keep their assets under their own control.

In a post on his personal Telegram channel, Durov described the integration as “the largest non-custodial cryptocurrency wallet rollout in human history.” The new wallet is intended to be offered to Telegram’s more than one billion users and enable instant, fee-free cryptocurrency transactions through the application.

Durov stated that Telegram will bring a native GRAM wallet to all its applications, creating a structure where users will have direct control over their private keys and assets.

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Following the announcement, the GRAM price experienced a brief surge. The token gained over 8%, reaching approximately $1.56. However, after this rise, GRAM gave back some of its gains, falling back to the $1.525 level.

A graph showing the recent increase in the price of GRAM.

*This is not investment advice.

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