Gram: why the price fell after the Telegram wallet

Telegram widened access to its own wallet, called Money, on Friday 9 October 2026. Since then, far more users can send and receive Gram directly inside the messenger and pay for digital collectibles with it. The price jumped to $1.4871 that Friday and is back at $1.3761 this Wednesday, according to CoinGecko on 14 October at around 01:00. The gain from the news has been given back in full within five days.

For holders in Europe, the wallet is still the more important half of the story. Money is built to be non-custodial: the private keys sit with the user alone. Telegram cannot view them, cannot reverse a transfer and cannot restore a lost balance. Switching the feature on means taking on a responsibility that someone else carries on an exchange account.

What Telegram changed about the Money wallet on 9 October

Money is not a new product but the new name of the former Gram Wallet. Telegram announced it in July, and a limited launch ran for selected accounts in August. On 9 October that limit largely fell away: access now reaches beyond the selected circle and is being rolled out more broadly across the messenger's audience, which numbers more than a billion people.

The wording matters. Neither Telegram nor the outlets reporting on it say that every account already has the feature. FinanceFeeds states explicitly that the announcement is no evidence of a full rollout, and crypto.news likewise speaks of an expansion beyond the users selected so far. If you cannot see the wallet in your app yet, you have done nothing wrong.