GRAM, the cryptocurrency associated with Telegram, fell to $1.29 on August 4 after Telegram temporarily disappeared from Apple’s App Store for several hours. Existing users were still able to use the app, but the unavailability for new downloads sparked panic selling across crypto markets.
Apple confirmed the removal was due to a safety guideline violation involving prohibited abusive content. The brief outage triggered a sharp sell-off, as Telegram is a critical platform for crypto communities, projects, and trading groups worldwide. Traders feared reduced access could diminish Telegram’s activity and slow GRAM’s broader adoption.
During the sell-off, trading activity surged dramatically. According to CoinGlass data, GRAM derivatives volume jumped 490% to $123.27 million, while open interest rose 1.2% to $93.28 million. Selling pressure dominated across perpetual contracts, and the Long/Short Ratio fell below one, indicating a bearish sentiment. GRAM’s Relative Strength Index dropped to 38, signaling strong selling momentum, and the token moved below its nine-day moving average near $1.40.
Telegram returned to the App Store after nearly four hours. The company responded via its official X account, stating, “Reports of my demise are greatly exaggerated.” Apple said the app was restored after Telegram removed the reported content and banned the associated user. This easing of fears helped GRAM recover to $1.38 from its low of $1.29.
The next price move depends on how quickly market confidence returns. If GRAM can sustain a bullish run above $1.42, it could break resistance at $1.46 and minimize further losses. Investors are closely watching the token’s trajectory as the broader crypto market reacts to the incident.




