GRAM Token Whipsaws Amid Telegram App Store Incident, Bitcoin Sees Undervaluation Signal

The GRAM token experienced significant price fluctuations after Telegram was temporarily removed from Apple's App Store due to content-policy violations. The removal caused the GRAM price to drop by over 6% to $1.297, but it quickly rebounded to $1.3818 after Telegram rectified the issue and Apple restored the app.

The incident highlights the regulatory risks surrounding Telegram, which are attracting attention from authorities in France and Australia. Despite strong fundamental support, GRAM remains vulnerable to these risks.

In other news, Flare's wrapped FXRP token has been approved as collateral in Sentora's $280 million lending vault on Morpho Blue, allowing large XRP holders to borrow Ripple's RLUSD stablecoin without selling their XRP. This development addresses the issue of XRP's utility in the DeFi sector and stimulates the issuance of the stablecoin itself.

CryptoQuant's UTXO Age Bands data indicates that Bitcoin is deeply undervalued, with a share of 'young' capital at a multi-year low. This pattern has been observed before major price reversals, suggesting an accumulation phase ahead of a potential bull market in 2027.