The GIGGLE meme coin soared to $110 following news that Binance will support the token’s endowment fund by distributing 50% of transaction fees to charity.
summary
- Binance announced that it would donate 50% of GIGGLE meme coin transaction fees to support charity projects, causing a short-term price increase and a spike in trading volume.
- Despite the confusion surrounding CZ’s relationship with Giggle Academy, both Binance and Changpeng Zhao have clarified that while community-driven donations are well received, the meme coin is unofficial.
In a recent announcement shared by Binance, the Binance exchange said it supports Memecoin’s goal of donating to charity through the profits earned by the tokens. As of December 2025, the exchange will proactively donate 50% of trading fees generated from spot and margin trading of tokens to support charitable projects promoted by the Memecoin team.
“This donation plan will enable users who trade GIGGLE to participate in meaningful social impact through crypto innovation,” the exchange said in a statement.
Memecoin shares the same name as Binance founder Zhao Changpeng’s education venture, but is described as a “philanthropy-focused memecoin” launched on the BNB Chain (BNB). This token pledges to convert transaction fees into donations to improve support for children’s education through CZ’s Giggle Academy.
After this announcement was shared, the meme coin’s value briefly soared to $110, before dropping back down. However, after Binance’s announcement, its trading volume surged by 150% compared to the previous business day.
Giggle Fund price crosses $100 after Binance announcement | Source: TradingView
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Following the initial euphoria, GIGGLE has corrected sharply and is currently trading around $59, just below its 30-period moving average at $59.23. The Relative Strength Index was 50.32, indicating neutral momentum and reflecting strength after the decline.
Although Binance’s announcement caused a short-term rally, the market has since stabilized, indicating that the speculative hype has subsided and price discovery is underway.
Is GIGGLE linked to CZ’s Giggle Academy?
In the announcement, Binance clarified that Memecoin is “not officially associated” with CZ’s education project, but is voluntarily donating proceeds to Giggle Academy. That said, the exchange has committed to working with the community in implementing the new donation plan.
However, if the memecoin community fails to keep its promise to donate its proceeds to children’s educational projects, the exchange will stop supporting it by withdrawing the donations. It also assured traders that trading fees for spot and margin trading pairs of tokens will remain the same.
Following this news, Changpeng Zhao reiterated that Memecoin is not an official token launched by his education business. In fact, he claims he doesn’t know who is behind its creation.
Nevertheless, he reacted positively to the new donation plan, considering that the project collects donations through the proceeds of the meme coin GIGGLE.
“I’m happy to see so many donations. I’m not surprised to see @Binance donating fees,” Zhao said in the post.
Earlier this month, CZ accidentally sparked a rally among unofficial meme coins when he announced that his education project had received an $11 million donation from BNB. The former Binance CEO included a token ticker labeled $GIGGLE in his post, leading traders to believe that the education venture had launched an official token.
At the time, the token soared from $82 to $120.61 within seconds of CZ sharing the tweet. However, as with the current bull market, the hype quickly dissipated as it fell back to previous levels just a few hours later.
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