Giggle Academy Clarifies Position Amid GIGGLE Token Volatility

Giggle Academy, an educational initiative in the cryptocurrency sector created by Changpeng “CZ” Zhao, co-founder and ex-CEO of Binance, is making strides to clarify its independence from the Giggle Fund token. This move comes in response to increasing volatility and growing doubts from the community.

Key Takeaways

Giggle Academy, founded by CZ Zhao, is distancing itself from the community-driven GIGGLE token.
GIGGLE is not an official product of Giggle Academy but rather a memecoin started by the community.
The token is designed to donate a portion of trading fees to support Giggle Academy's educational efforts.
GIGGLE's market cap saw significant fluctuations, highlighting volatility in the cryptocurrency market.
Binance's CEO addressed claims related to GIGGLE's connection with allegations involving a stablecoin and former President Trump.

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

In a recent post on X, Giggle Academy emphasized that GIGGLE, a new token associated with its initiative, is not officially released by the organization and is instead a community-driven memecoin.

“The Giggle memecoin is not an official coin launched by Giggle Academy,” CZ stated on X, adding, “I don’t know who launched it.”

These remarks come after a wave of controversy over GIGGLE that escalated when Binance revealed on Saturday plans to donate 50% of GIGGLE's trading fees, both for spot and margin trading, to charitable causes connected to the Giggle Fund starting December.

GIGGLE Market Capitalization Drops After Soaring 222%

The Giggle Fund token is a charity-focused memecoin residing on Binance’s BNB Smart Chain, which transforms trading activities into donations for Giggle Academy, as per information from CoinMarketCap, owned by Binance. The token automatically allocates 5% of each trade to support educational projects at Giggle Academy and is overseen by a decentralized team that emerged from previously anonymous origins.

Launched in September 2025 with a starting market cap of about $24 million, GIGGLE experienced steady advancement, climbing to $100 million by early October, according to CoinGecko.

The Giggle Fund (GIGGLE) price chart historically. Source: CoinGecko

On October 25, the token's market cap skyrocketed by 222%, jumping from approximately $86 million to a peak of $277 million, only to drop back to around $60 million by Monday. On Tuesday, it rebounded to about $90 million, leaving the community bewildered by the drastic price changes.

“They really pumped that GIGGLE up and used y’all for exit liquidity,” noted market observer The Alchemist in an X post on Tuesday.

Cointelegraph reached out to Giggle Academy for insight regarding GIGGLE's volatility but had not received a response at the time of this publication.

Related: Trump defends CZ pardon, says he ‘doesn’t know’ Binance co-founder

This development emerges as BNB, the native cryptocurrency of the BNB Chain, continues to experience a downward slide after briefly becoming the third-largest crypto asset by market cap earlier this month.

On Tuesday, Binance CEO Richard Teng denied claims that Binance had aided in elevating a stablecoin tied to US President Donald Trump, just before former CZ was granted a presidential pardon on October 23. The accusations pertain specifically to a $2 billion investment from Abu Dhabi’s state investment firm MGX, finalized using Trump-backed USD1 stablecoin. Teng clarified, “The usage of USD1 for the transaction between MGX as a strategic investor into Binance was decided by MGX.”