CZ clarifies Binance’s Giggle fund donation plan after meme coin confusion

Binance co-founder Changpeng Zhao (CZ), in a X post, clarifies Binance’s Giggle fund token donation ￰0￱ comes in as lots of confusion emerged among the community that sent the GIGGLE coin ￰1￱ online dispute has turned a reportedly educational project into one of the week’s strangest crypto ￰2￱ has already distanced himself from the viral GIGGLE meme ￰3￱ made it clear that the token is not officially affiliated with his non-profit Giggle Academy. However, Binance’s BNB had also been dealing with high selling ￰4￱ price dipped by 18% over the last 7 ￰5￱ defends Giggle fund donation model In a series of posts, Zhao explained that the Giggle Fund Token smart contract donates BNB directly to the public donation address of Giggle ￰6￱ mentioned that it is designed by the community, not by ￰7￱ to CZ, Binance proposed donating part of its trading fees in the form of Giggle Fund ￰8￱ setup will let the Academy burn half of the tokens it receives and then convert the rest into ￰9￱ addressed community questions about why a charity would burn donations, ￰10￱ stated that the transaction and funds are strictly between the two parties (Binance as donor and Giggle Academy as recipient).

Giggle Academy also issued an official ￰11￱ tried to clarify that the platform has no official connection to the Giggle Fund Token or its ￰12￱ even described the coin as a meme coin initiated by community members, not by Giggle Academy or ￰13￱ added that all income and expenses will be transparently disclosed on a public donation ￰14￱ Statement | Giggle Academy ￰15￱ Giggle Fund token is not issued by Giggle Academy; it is a memecoin initiated by the ￰16￱ appreciate the donations from the community, and we have set up a donation page to publicly disclose all income and expenses. 3.… — Giggle Academy (@GiggleAcademy) November 4, 2025 The statement also confirmed that Binance might plan to donate 50% of transaction fees from the Giggle Fund ￰17￱ move has drawn widespread attention from ￰18￱ reciprocate, the academy said it would burn 50% of any Giggle-related transaction fees it receives from the exchange.

Meanwhile, the group has pointed out that it has no plans to issue its own ￰19￱ wants to remain focused solely on free education and charity ￰20￱ burned as GIGGLE meme coin crashes Binance co-founder launched the nonprofit venture in 2024 to provide free education worldwide. Meanwhile, the platform is still under development. Recently, a meme coin inspired by the project took on a life of its ￰21￱ token initially spiked by more than 300% following its debut on Binance. However, it quickly plunged by over 30% on Monday after CZ publicly denied any link to its creation.

“The $GIGGLE meme coin is NOT an official coin launched by Giggle Academy,” CZ posted on X. “I don’t know who launched it.” On-chain data shows that whales were behind the massive ￰22￱ whale wallet reportedly spent 1.2 million USDT to purchase nearly 4,800 ￰23￱ purchase came at an average of $251 ￰24￱ buy is now worth less than $1 million after the price ￰25￱ is trading at an average price of $80.97 at the press ￰26￱ 24-hour trading volume jumped by 106% to stand at $179 ￰27￱ managed to recover by 37% over the last 24 ￰28￱ your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.