The GIGGLE memecoin spiked to $110 following the news that Binance would support the token’s donation fund by distributing 50% of its transaction fees to charitable causes.
Summary
- Binance announced it will donate 50% of all GIGGLE memecoin trading fees to support charitable projects, sparking a short-lived price rally and surge in trading volume.
- Despite confusion over its connection to CZ’s Giggle Academy, both Binance and Changpeng Zhao clarified that the memecoin is unofficial, though its community-driven donations have been positively received.
In a recent announcement shared by Binance, the exchange stated that it would support the memecoin’s goal of donating to charitable causes through profits made by the token. As of December 2025, the exchange will proactively donate 50% of the transaction fees generated from the token’s spot and margin trading to support charitable projects championed by the memecoin team.
“This donation plan enables users who trade GIGGLE to participate towards meaningful social impact powered by crypto innovation,” wrote the exchange in a statement.
Although it shares the same name as Binance founder Changpeng Zhao’s educational venture, the memecoin is described as a “charity-focused memecoin” launched on the BNB Chain (BNB). The token vows to convert trading fees into donations to improve outreach for children’s education through CZ’s Giggle Academy.
After the announcement was shared, the memecoin saw its value briefly spike as high as $110 before dropping back down to earth. However, its trading volume has surged by 150% compared to the previous trading day following the Binance announcement.
Giggle Fund’s price rose above $100 after the Binance announcement | Source: TradingView
You might also like: Trump admits he does not know who Changpeng Zhao is after pardoning him
Following the initial euphoria, GIGGLE has corrected sharply as it is now trading around $59, just below its 30-period moving average which sits at $59.23. The Relative Strength Index stands at 50.32, which indicates neutral momentum and reflects consolidation after the sell-off.
While the Binance announcement triggered a short-term rally, the market has since stabilized, indicating that speculative hype has cooled down and price discovery is underway.
Is GIGGLE linked to CZ’s Giggle Academy?
In the announcement, Binance made it clear that the memecoin is “not officially associated” with CZ’s educational project but it is voluntarily giving its proceeds to Giggle Academy. That being said, the exchange promised to work with the community in implementing the new donation plan.
However, if the memecoin’s community fails to uphold their end of the promise by donating its proceeds to the children’s education project, then the exchange will cease its support by withdrawing the donation contribution. It also assured traders that the trading fees on the token’s spot and margin trading pairs will remain the same.
Responding to the news, Changpeng Zhao reiterated that the memecoin is not an official token launched by his educational venture. In fact, he claims he does not know who is behind its creation.
Nevertheless, he reacted positively to the new donation plan considering the project has funneled in donations via the memecoin GIGGLE’s proceeds.
“It’s good to see it generated so much donations. Not surprised to see @Binance donating its fees,” said Zhao in his post.
Earlier this month, CZ accidentally sparked a rally for the unofficial memecoin when he announced that the educational project had gained $11 million in BNB donations. The former Binance CEO had included a token ticker labeled $GIGGLE in his post, which led traders to believe that the education venture had launched an official token.
At the time, the token jumped from $82 to $120.61 within seconds after CZ shared his tweet. However, much like the current rally, the hype died down quickly as it fell back to its previous level only a few hours later.
You might also like: Giggle Academy $11M donation sparks token confusion
