Giggle Academy, a crypto education initiative founded by Changpeng “CZ” Zhao, is making efforts to clarify its position regarding the GIGGLE token amidst rising volatility and community doubts. In a recent post on X, Giggle Academy stated that GIGGLE, a new token associated with the project, is not officially issued by them but is a community-driven memecoin. CZ emphasized that he is unaware of who launched it. This clarification comes after Binance announced it would donate 50% of GIGGLE trading fees to charitable causes linked to the Giggle Fund, a charity-focused memecoin on Binance’s BNB Smart Chain. The Giggle Fund token automatically allocates 5% of each trade to support educational projects. Launched in September 2025, GIGGLE's market cap surged from $86 million to a peak of $277 million before dropping to around $60 million, raising concerns about its volatility. Cointelegraph reached out to Giggle Academy for comments but had not received a response by publication time. Read more AI-generated news on: https://app.chaingpt.org/news

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