In a move to clarify the growing confusion surrounding the GIGGLE memecoin, Binance CEO Changpeng Zhao (CZ) has stepped forward to emphasize that the token is not officially affiliated with Giggle Academy. As the crypto community continues to buzz with excitement over the token’s popularity, CZ’s statement brings much-needed transparency to the situation.
This significant statement comes on the heels of Binance’s announcement to donate a portion of transaction fees from GIGGLE trades to support children’s education through Giggle Academy. Scheduled to begin in December 2025, this initiative highlights the exchange’s commitment to leveraging cryptocurrency for social good.
CZ Clarifies: GIGGLE Memecoin Has No Ties to Giggle Academy
In a recent X post, Binance founder and former CEO Changpeng Zhao, affectionately known as CZ in the crypto space, clarified that the GIGGLE memecoin was not an official token launched by his education venture, Giggle Academy, despite the shared name. The X post read,
“The GIGGLE meme coin is NOT an official coin launched by Giggle Academy. I don’t know who launched it. It’s good to see it generated so much donations.”
This clarification from CZ is particularly significant, given the recent surge in speculation and misconceptions surrounding the connection between GIGGLE Memecoin and Giggle Academy. The speculation intensified after a post by Zhao, where he donated 11 million BNB tokens to the educational platform, as he mentioned the $giggle ticker in his post. While this sparked growing discussions, an X user noted, “CZ, many tokens have used the name giggle. You need to tell everyone that Giggle Academy has not launched any tokens.”
Binance to Donate 50% of GIGGLE Memecoin Trading Fees to Charity
Earlier today, Binance announced its support for the GIGGLE token’s charitable initiatives. The exchange pledged to donate 50% of transaction fees generated from spot and margin trading to charitable projects championed by the memecoin project. Starting from December 2025, the exchange will convert these fees into donations aimed at improving children’s education outreach through Giggle Academy.
Strengthening CZ’s statement, Binance also highlighted in its official post that the memecoin is “not officially associated with Giggle Academy.” Instead, GIGGLE is a separate charity-focused initiative built on the BNB Chain. Commenting on this initiative, Changpeng Zhao stated, “Not surprised to see Binance donating its fees.” The platform stated,
“This donation plan enables users who trade GIGGLE to participate towards meaningful social impact powered by crypto innovation…Binance will continue to work with the community to support the implementation of this new donation plan, and if for any reason this can’t be done, Binance will consider withdrawing the donation contribution going forward. This donation plan will not affect trading fees on GIGGLE Spot and Margin trading pairs.”
GIGGLE Token Reacts to CZ’s Statement
Initially, following the Binance announcement, the GIGGLE price briefly surged to $110, sparking widespread interest. However, this rally was short-lived, and the token saw a sharp downturn immediately after CZ dismissed speculations of the GIGGLE-Giggle Academy connections.
As of press time, the meme token is trading at $58.83, marking significant downticks of 28% in a day, 69% in a week, and 12% in a month. Despite the price drop, trading volume has skyrocketed to $86 million, marking a 158% hike. The market appears to be taking a breather after the initial euphoria, with traders and investors reassessing the meme token’s prospects.
