Giggle Fund

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President Donald Trump

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Giggle Academy, a crypto educational project founded by Binance co-founder and former CEO Changpeng “CZ” Zhao, has renewed efforts to distance itself from the Giggle Fund token amid heightened volatility and mounting community skepticism.
In a Tuesday X <a href="https://x.com/GiggleAcademy/status/1985643338138268157" rel="noopener noreferrer nofollow" target="_blank">post</a>, <a href="https://cointelegraph.com/news/cz-s-giggle-academy-raises-over-million-hours-after-opening-donations" rel="noopener noreferrer nofollow">Giggle Academy</a> 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 <a href="https://x.com/cz_binance/status/1985282462776275321" rel="noopener noreferrer nofollow" target="_blank">wrote</a> on X on Monday, adding: “I don’t know who launched it.”
The clarification follows rising controversy over the token, which intensified after Binance <a href="https://www.binance.com/en/support/announcement/detail/f5341a7e68bc4805a3eaa51ebcf91fc5" rel="noopener noreferrer nofollow" target="_blank">announced</a> on Saturday that it would start donating 50% of GIGGLE spot and margin trading fees to charitable initiatives linked to Giggle Fund, starting in December.
<h2 id="giggle-market-cap-tanks-after-jumping-222">GIGGLE market cap tanks after jumping 222%</h2>
The Giggle Fund token is a charity-oriented memecoin on Binance’s BNB Smart Chain that converts trading activity into donations for Giggle Academy, <a href="https://coinmarketcap.com/cmc-ai/giggle-fund/what-is/" rel="noopener noreferrer nofollow" target="_blank">according</a> to data from Binance-owned CoinMarketCap.
The token is designed to automatically donate 5% of every trade to fund Giggle Academy’s education projects and is managed by a “decentralized team after transitioning from anonymous origins.”
Launched in September 2025 with an initial market capitalization of around $24 million, GIGGLE has seen steady growth, reaching $100 million by early October, <a href="https://www.coingecko.com/en/coins/giggle-fund" rel="noopener noreferrer nofollow" target="_blank">according</a> to CoinGecko data.
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 <img src="https://s3.cointelegraph.com/uploads/2025-11/019a4ec8-3709-78ef-9f3b-e59e4e096745" title="" alt="CZ’s Giggle Academy distances itself from GIGGLE as token plunges">
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 The Giggle Fund (GIGGLE) price chart historically. Source: CoinGecko
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On Oct. 25, the token’s market cap surged 222%, climbing from about $86 million to a peak of $277 million, before falling back to around $60 million by Monday. On Tuesday, it took another jump to about $90 million, leaving the community puzzled by the extreme volatility.
“They really pumped that GIGGLE up and used y’all for exit liquidity,” market observer The Alchemist <a href="https://x.com/Crypto_Alch/status/1985635127544746224" rel="noopener noreferrer nofollow" target="_blank">wrote</a> in an X post on Tuesday.
Cointelegraph approached Giggle Academy for comment regarding GIGGLE volatility, but had not received a response at the time of publication.
Related: <a href="https://cointelegraph.com/news/trump-tells-why-he-pardoned-cz-despite-not-knowing-him" rel="noopener noreferrer nofollow">Trump defends CZ pardon, says he ‘doesn’t know’ Binance co-founder</a>
The news came amid BNB, the native cryptocurrency of the BNB Chain, accelerating its dip after <a href="https://cointelegraph.com/news/bnb-flips-xrp-third-largest-crypto-asset-market-cap" rel="noopener noreferrer nofollow" target="_self">becoming the third-largest crypto asset</a> by market cap in early October.
On Tuesday, Binance CEO Richard Teng <a href="https://www.cnbc.com/2025/11/04/binance-ceo-richard-teng-denies-changpeng-zhao-trump-crypto-project-cz-pardon-world-liberty-financial-mgx-.html" rel="noopener noreferrer nofollow" target="_blank">dismissed</a> allegations that Binance helped boost a stablecoin linked to US President Donald Trump before former <a href="https://cointelegraph.com/news/trump-pardons-binance-founder-cz" rel="noopener noreferrer nofollow" target="_self">CZ received a presidential pardon</a> on Oct. 23.
The allegations specifically relate to a $2 billion investment Binance received from Abu Dhabi’s state-owned investment firm MGX, with the deal settled in Trump-backed USD1 stablecoin. “The usage of USD1 for the transaction between MGX as a strategic investor into Binance was decided by MGX,” Teng said.
Magazine: <a href="https://cointelegraph.com/magazine/elon-musk-grokipedia-far-right-or-necessary-wikipedia-competitor/" rel="noopener noreferrer nofollow" target="_self">Grokipedia: ‘Far right talking points’ or much-needed antidote to Wikipedia?</a>

CZ’s Giggle Academy distances itself from GIGGLE as token plunges

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