Giggle Academy Denies Links to GIGGLE Memecoin

Giggle Academy denies links to GIGGLE memecoin, clarifying its stance.

Founded by former Binance CEO Changpeng Zhao (CZ), the Giggle Academy project has no connection to the memecoin Giggle Fund (GIGGLE), according to a statement from its team.

Official Statement | Giggle Academy
1. The Giggle Fund token is not issued by Giggle Academy; it is a memecoin initiated by the community.

2. We appreciate the donations from the community, and we have set up a donation page to publicly disclose all income and expenses.

3.…

— Giggle Academy (@GiggleAcademy) November 4, 2025

According to CoinMarketCap, Giggle Fund is a charity-focused token on the BNB Chain. The project converts trading activity into donations for Giggle Academy.

The coin is designed to automatically donate 5% of each transaction to fund educational projects.

On November 3, Binance announced plans to direct 50% of trading fees from the coin to charitable initiatives starting in December. This led users to speculate that the educational organization and its founder were behind the coin.

another criminall activity by cz i’m watching you pic.twitter.com/DhX2HpRLDO

— Vineet (@LoserVineet) November 3, 2025

“Another criminal activity by CZ — I’m watching you,” wrote one user.

Zhao also commented on the rumors and explained the mechanism for burning received donations. According to him, the Giggle Fund smart contract will directly transfer BNB to a public Giggle Academy address designated for donations.

The Giggle Fund Token smart contract (designed by the community) donates #BNB directly to the public @GiggleAcademy donation address.

The @Binance proposed donation of their trading fees is in the Giggle Fund Token. @GiggleAcademy will burn half of what it receives there, and… https://t.co/ZOGizPF78n

— CZ 🔶 BNB (@cz_binance) November 4, 2025

“The Binance proposal for trading fee donations is in Giggle Fund Tokens. Giggle Academy will burn half of the received coins and convert the rest into BNB,” Zhao explained.

Manipulation or Not?

The GIGGLE memecoin emerged in September, and since then its price has risen by more than 170%.

According to CoinGecko, on October 25, the token’s price reached an all-time high of $274.54, with a market capitalization of $277 million. At the time of writing, the asset is trading at $77 with a market value of $76 million, a decrease of 113%.

“They really pumped this GIGGLE and used you all as exit liquidity,” wrote a user named The Alchemist.

Another user under the pseudonym Degen_tactician called the situation “manipulation under the guise of philanthropy”:

“Binance pretends to be a philanthropist while half of the donations go up in smoke. CZ plays the roles of accountant, priest, and magician — burning, blessing, and saying it’s ‘for the kids’.”

Nonetheless, some doubted the malicious intent and praised Zhao for transparency and commitment to good causes.

Back in October, U.S. President Donald Trump pardoned the founder of Binance.