The price of Giggle (GIGGLE), which was recently mentioned by Binance founder CZ and caused a price spike, has fallen sharply in the past 24 hours.
According to the data, the token briefly exceeded the $110 level and then fell below $70. GIGGLE, currently trading at $66.43, has lost over 25% of its value in the past 24 hours.
Chart showing today’s GIGGLE price volatility.
This decline is believed to be related to Binance founder Changpeng Chao’s recent statements. CZ stated that “Giggle tokens are not officially issued by Giggle Academy,” indicating that the project has no direct relationship with Giggle Academy.
CZ also addressed reports that Binance will donate 50% of Giggle Fund trading fees to charity, and said that while he is happy with these donations, he does not know who issued the tokens. Chao said he was not surprised that Binance donated trading fees.
After CZ mentioned GIGGLE, Binance recently decided to list this altcoin.
*This is not investment advice.
