GIGGLE token spikes 222% then slumps; Academy denies CZ tie
Community-launched memecoin GIGGLE token on BNB Smart Chain has spiked 222% since its September 2025 launch, surging from $24 million to roughly $240 million, before crashing to $60 million and rebounding to $90 million. Giggle Academy and Binance co-founder Changpeng Zhao have denied any link to the GIGGLE token. The GIGGLE token includes a 5% trade donation to crypto education via the Giggle Fund, and Binance plans to give 50% of trading fees to charity from December. Officials warn traders to avoid phishing scams and unknown links. The episode underlines the risks of high-volatility memecoins, potential pump-and-dump schemes, and the need for due diligence in trading altcoins.
Bearish
The rapid surge and subsequent crash of the GIGGLE token, combined with official denials from Giggle Academy and Binance’s co-founder, erode investor confidence. Short-term trading may see heightened selling as traders exit amid volatility and phishing concerns. In the long term, the lack of clear backing and repeated price swings increase the risk of pump-and-dump, likely keeping the GIGGLE token’s price under pressure. Traders should apply strict due diligence when considering high-volatility memecoins.