Binance Donates 50% GIGGLE Memecoin Fees, Sparks Price Rally
The GIGGLE memecoin on Binance combines a charity model with sharp volatility. At launch, GIGGLE surged over 200% to $241.27, driven by its 5% transaction tax that converts fees into BNB donations for Changpeng Zhao’s Giggle Academy—107,000 BNB (≈$12M) raised to date. The token’s 1M supply and thin liquidity trigger steep swings; past drops exceeded 70%. Binance then pledged to donate 50% of spot and margin trading fees to charity, sparking a 150% volume surge and a spike to $110. The price later corrected to around $59—near its 30-day moving average ($59.23) with an RSI of 50—indicating neutral momentum. Binance clarifies GIGGLE memecoin is unofficial, not issued by Giggle Academy, and Zhao welcomes the plan. Traders should weigh the coin’s social impact against ongoing price discovery and volatility.
Neutral
Binance’s 50% fee donation pledge for the GIGGLE memecoin sparked an initial rally but was followed by a swift price correction, reflecting cooled speculative demand. The memecoin’s limited supply and low liquidity underpin its volatility, while the charity angle may support long-term interest. In the short term, neutral momentum emerges as traders balance social impact against price swings, suggesting neither clear bullish nor bearish bias.