Key Takeaways
- Giggle Academy confirmed it has no official link to the GIGGLE token.
- Binance’s donation plan sparked confusion over the token’s legitimacy.
- GIGGLE’s market cap crashed from $277M to $60M within days, raising red flags.
CZ Denies Links to GIGGLE Token Amid Market Turmoil
Giggle Academy, the crypto education platform founded by Binance’s former CEO Changpeng “CZ” Zhao, has publicly denied any association with the GIGGLE token after days of extreme volatility and confusion within the crypto community.
In a post on X (formerly Twitter), CZ stated clearly that “The Giggle memecoin is not an official coin launched by Giggle Academy,” adding that he has no idea who created it. The statement comes as the GIGGLE token — a self-described charity-oriented memecoin — continues to experience sharp price swings and widespread skepticism about its legitimacy.
Binance Fee Donations Spark Confusion
The controversy deepened after Binance announced it would donate 50% of GIGGLE spot and margin trading fees to charitable initiatives under Giggle Fund starting in December. The move appeared to validate the token’s association with Giggle Academy, fueling rumors that CZ’s organization was secretly backing the project.
Also Read: What Is BNB Coin? From Binance Fee Token to Blockchain Powerhouse in 2025
However, Giggle Academy has since clarified that while it supports educational causes, it has no control over GIGGLE’s issuance, development, or community operations.
GIGGLE Price Plunges After 222% Surge
According to CoinGecko data, the GIGGLE token — launched in September 2025 with an initial $24 million market cap — surged by 222% to $277 million on Oct. 25 before tumbling back to around $60 million days later. The wild swings have left investors and observers skeptical, with some accusing early adopters of orchestrating a pump-and-dump scheme.
“They really pumped that GIGGLE up and used y’all for exit liquidity,” wrote market analyst The Alchemist on X.
Conclusion
The Giggle Academy clarification underscores the risks surrounding community-launched tokens that mimic official projects. As volatility continues, investors are urged to verify affiliations before jumping into trendy memecoins — even those that claim ties to big crypto names like CZ.
