Binance Co-Founder CZ Denies Ties to GIGGLE Memecoin After 30% Price Crash – What’s Next?
- What Sparked the $GIGGLE Memecoin Controversy?
- Why Did $GIGGLE Crash After Binance’s Involvement?
- How Are Investors Reacting to the Volatility?
- Can $GIGGLE Recover, or Is This the End?
- What’s Next for Memecoins in the Binance Ecosystem?
- FAQ: Your $GIGGLE Questions Answered
Binance co-founder Changpeng Zhao (CZ) has publicly distanced himself from the $GIGGLE memecoin following a sharp 30% price drop. Despite initial HYPE and ties to Binance’s charity initiatives, the token’s volatility has raised red flags. Here’s a deep dive into the drama, market reactions, and whether $GIGGLE can recover—or if it’s just another cautionary tale in the wild world of meme coins.
What Sparked the $GIGGLE Memecoin Controversy?
On November 3, 2025, CZ took to X (formerly Twitter) to clarify that $GIGGLE isn’t an official token affiliated with Giggle Academy, despite its branding. “I don’t know who created it,” he tweeted, sparking immediate sell-offs. The coin, which had rallied over 1,500% monthly after debuting on Binance, plummeted 28% in 24 hours post-tweet. Blockchain data from CoinMarketCap reveals whales dumped holdings, including one address that saw its $1.2M position shrink to under $1M.
Why Did $GIGGLE Crash After Binance’s Involvement?
Ironically, Binance’s charitable LINK to $GIGGLE—donating 50% of trading fees to Giggle Fund—initially boosted its appeal. But as CZ’s tweet exposed the lack of official backing, confidence eroded. TradingView charts show the RSI (2-hour) lacked bullish divergence, signaling sustained downward pressure. “Meme coins thrive on hype, not fundamentals,” noted a BTCC analyst. “Once credibility cracks, exits flood in.”
How Are Investors Reacting to the Volatility?
Over 10,000 wallets still hold $GIGGLE, per BNB Chain data, but the mood is split. Some cling to hopes of a Binance relisting or Dark Pool trading on Aster DEX. Others point to the $6.39M raised for Giggle Academy as proof of utility—though critics call it “charity-washing.” One trader lamented, “I bought at $251 per token; now it’s barely worth lunch money.”
Can $GIGGLE Recover, or Is This the End?
Technicals suggest caution: the token must break its diagonal resistance trendline to reverse the bearish outlook. Meanwhile, Binance’s fee-donation scheme runs through December 2025, potentially propping up demand. “In my experience, meme coins either moon or vanish,” quipped a crypto Twitter veteran. “$GIGGLE’s fate hinges on whether whales treat it as a piggy bank or a cause.”
What’s Next for Memecoins in the Binance Ecosystem?
Despite the drama, $GIGGLE highlights Binance’s influence—for better or worse. The exchange’s ability to mint overnight trends (and trigger collapses) remains unmatched. As RedstoneFinance’s x402 micropayment tech integrates with BNB Chain, skeptics warn: “Always DYOR before aping into the next ‘charity’ token.”
FAQ: Your $GIGGLE Questions Answered
Did CZ endorse $GIGGLE?
No. CZ explicitly denied any connection between $GIGGLE and Giggle Academy, calling it an unofficial project.
How much has Giggle Fund raised via Binance?
As of November 2025, $6.39M in USDT, USDC, and BNB donations.
Is $GIGGLE still traded on Binance?
Yes, but volumes have dropped sharply post-CZ’s comments. Check BTCC or CoinMarketCap for real-time data.
