Giggle Academy is a cryptocurrency educational project created by Binance’s co-founder, former CEO Changpeng “CZ” Zhao has attempted to disassociate itself from Giggle Fund due to the increased volatility of its token and growing scepticism in the community.
On a Tuesday post, Giggle Academy clarified that GIGGLE — a newly launched token linked to the project — is not issued by the organization and is a community-initiated memecoin.
“The Giggle memecoin is not an official coin launched by Giggle Academy,” CZ wrote Additions to X Monday: “I don’t know who launched it.”
Clarification follows the growing controversy surrounding tokens, which intensified following Binance announced It was announced on Saturday that 50% of GIGGLE trading fees, both spot and margin, would go to Giggle fund-related charitable causes starting in December.
GIGGLE Market Cap drops after Jumping 222%
The Giggle Fund is a memecoin that’s geared towards charity. It runs on Binance BNB Smart Chain and converts trades into donations to Giggle Academy. according Binance, which owns CoinMarketCap.
This token automatically donates 5% from every transaction to Giggle Academy education projects. It is administered by an “decentralized team after transitioning from anonymous origins.”
GIGGLE was launched in early 2025 and had a capitalization of approximately $24 million. By the end of September, it reached $100 millions. according to CoinGecko data.
The token market cap soared by 222% on Oct. 25. It climbed from $86 to $277 millions, then fell back down to $60 million around Monday. It jumped again to $90m on Tuesday. The community was left puzzled at the volatility.
“They really pumped that GIGGLE up and used y’all for exit liquidity,” The Alchemist, a market analyst wrote On Tuesday, X posted a message.
Cointelegraph contacted Giggle Academy to get a comment on GIGGLE’s volatility. However, at the time this article was published there had been no response.
Related: Trump defends CZ pardon, says he ‘doesn’t know’ Binance co-founder
BNB, BNB Chain’s native cryptocurrency, was on the decline after the news. becoming the third-largest crypto asset By market cap, early October.
Richard Teng, CEO of Binance, spoke on Tuesday. dismissed Binance is accused of boosting a stablecoin tied to US President Donald Trump, before the former Binance CEO. CZ received a presidential pardon On October 23,
These allegations are specific to a Binance $2 billion investment from Abu Dhabi State-owned Investment Firm MGX. This investment was paid in USD1 stablecoin backed by Trump. “The usage of USD1 for the transaction between MGX as a strategic investor into Binance was decided by MGX,” Teng said.
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Source: cointelegraph.com
