GRAM price rebounds as Telegram begins wallet rollout

GRAM has rebounded toward $1.40 after Telegram began releasing its self-custodial Gram Wallet to selected users, while trading volume jumped about 137% around the announcement. Summary GRAM gained about 2% over 24 hours after briefly approaching $1.46. Telegram will release Gram Wallet gradually to its billion-plus users. The wallet supports self-custody, fee-free transfers, and Telegram Collectibles. GRAM faces immediate resistance near $1.39, followed by $1.45. Telegram begins phased Gram Wallet release Telegram CEO Pavel Durov said the company had started giving selected users access to Gram Wallet before expanding availability over the next several weeks. “We’ll be gradually rolling it out to our billion+ users over the next couple of weeks,” Durov said in a Telegram post. Built directly into the messaging app, Gram Wallet will become the default wallet displayed in Telegram’s user settings. The product uses a self-custodial structure, allowing users to control their assets instead of leaving custody with a centralized service provider. Telegram plans to support instant, zero-fee transactions through the wallet, according to Durov. Users will be able to send funds, make payment...