Gram Price Pulls Back 4.66% Amidst Natural Correction

The price of Gram (GRAM) has cooled by 4.66% in the last five hours, but this is likely due to a natural correction after an overbought rally driven by news and speculation.

Earlier today, Telegram's custodial wallet app was rebranded as Walt, and a new non-custodial Gram Wallet was launched within the Telegram app. This rollout aims to reach a billion+ users in the coming weeks.

The rebranding of Toncoin (TON) to Gram further solidifies GRAM's role as the primary token in the Telegram ecosystem narrative.

Multiple analysts and traders highlighted that GRAM has outperformed the broader market, with some even calling it a 'safe haven'. However, this led to an overbought technical condition, which has now been digested by the market.