• GIGGLE’s price plunged over 30% after CZ denied any association with Giggle Academy publicly.
• Market capitalization dropped 28% in one day, eliminating recent weekly and monthly percentage gains.
• Binance will donate 50% Giggle Fund trading fees, supporting charitable initiatives despite market turmoil.

GIGGLE has experienced a drastic price decline following a statement by Changpeng Zhao, the co-founder of Binance, stating that GIGGLE is not a token of Giggle Academy, given that he is not aware of the individuals who developed this memecoin. This triggered a drastic fall in the price of over 30%.

CZ posted on his social media platforms that there is no official relation between the GIGGLE token and Giggle Academy. This piece of information spread quickly through the crypto circles, leading people to sell.

The token had already been seeing a fall from its high, but this decline increased as a result of CZ’s statement. Earlier excitement had come as a result of the token’s involvement in trading activities associated with Binance, indicating that the token’s price is largely linked to Binance’s interest.

Analysts warn buyers of high price fluctuations in GIGGLE. It is reported that its price surge is driven by Binance’s announcement of x402 micropayment technology as well as BNB Chain’s collaboration with RedstoneFinance.

GIGGLE Market Cap Drops 28%

According to on-chain data from Lookonchain, whale activity is also a consideration, where one wallet spent a total of 1.2 million USDT purchasing 4,794 tokens. This wallet is now seen as having a total of 99.4% of its funds in GIGGLE at a reduced price as a result of a market dip.

Market data shows that the market capitalization is approximately $58.75 million, which is a 28% reduction in a single day. This pull-back eliminates any gains that had been accumulated as a result of a 91% increase in a week and a whopping 1,532% increase in a month.

A breakout above the resistance trend line could alter the sentiment, as there is also interest in GIGGLE as it is set to be listed on the Aster DEX, which could bring in greater liquidity from large holders.

Also Read | Crypto Market Crash Deepens as Bitcoin and Ethereum Lose Momentum: Report

CZ Supports GIGGLE Charity With Binance Donations

Despite this warning, CZ praised the charitable success that had been achieved through the token. Binance will also donate 50% of fees from Giggle Fund Spot & Margin trades from Dec 2025 onward to fund Giggle Fund community initiatives.

The GIGGLE token is operated by the BNB Smart Chain, and already, many children have received benefits from the Giggle Academy’s donation system. A total of $6.39 million USDT, USDC, and BNB is in the Giggle Fund, and over 10,000 wallets hold this token.

Also Read | Strategy Buys 397 Bitcoin at $114,771 Each, Strengthening $47B BTC Portfolio