Giggle Fund is going through a crazy moment right now 🚀. The price is currently around $195, having increased by nearly 50% today. Every price varies wildly because of the small supply of 1 million and the market capitalization of $193 million 📈. The massive volume of $161 million suggests that traders are very interested. It recently rose from a significant low around $47 and is now rapidly rising back toward earlier highs. Given that the all-time high was $281, it still has the potential to increase if momentum keeps up its strength. All things considered, it's acting like a token with a lot of potential and risks, similar to a high-volatility meme 💹.
This large price swing for ElizaOS on November 6-7, 2025, was largely due to a major token swap and rebranding event from its previous name, AI16Z.
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The core of the volatility-from high to low-was driven by:
Initial Spike (High): News and expectation of the rebranding to ElizaOS, along with a significant token conversion of 1 AI16Z to 6 ELIZAOS, brought about a speculative pump. It caused an extreme, temporary all-time high, with some reported highs on exchanges as high as ~$0.03946.
Low Post-Swap Drop: Following the swap, the circulating supply of the new ELIZAOS token immediately increased by around 40% from 6.6B to 7.4B tokens. This supply dilution, combined with forced liquidations of futures positions on various exchanges as they delisted the old AI16Z contract, created a sharp sell-off. It dropped the price to lows of around $0.008606.
In other words, the high was driven by speculative hype, while the low was due to token dilution and fragmented liquidity during the migration.