Binance Co-Founder CZ Denies Ties to Memecoin GIGGLE as Price Plummets 30% – What’s Next?
- Why Did CZ Deny Involvement With $GIGGLE?
- How Did $GIGGLE’s Price React?
- What’s Binance’s Role in This Drama?
- Who’s Still Betting on $GIGGLE?
- Should You Touch $GIGGLE Now?
- Frequently Asked Questions
In a dramatic twist for the crypto markets, Binance co-founder Changpeng Zhao (CZ) has publicly distanced himself from the memecoin $GIGGLE after its value nosedived 30% following his tweet. The token, which initially surged due to speculation about Binance’s involvement, now faces extreme volatility as large holders scramble. Meanwhile, Binance pledges to donate 50% of trading fees to Giggle Fund, adding another layer to this bizarre saga. Here’s the full breakdown.
Why Did CZ Deny Involvement With $GIGGLE?
On November 3, 2025, CZ took to X (formerly Twitter) to clarify that $GIGGLE had no official connection to Binance or Giggle Academy. His statement read:The tweet sent shockwaves through the market, triggering a sell-off that erased nearly a third of the token’s value in hours.
How Did $GIGGLE’s Price React?
Before CZ’s tweet, $GIGGLE had been on a wild ride—up 1,532% monthly and 91% weekly after rumors of a Binance listing. But the party ended abruptly. Blockchain data reveals one whale spent $1.2M USDT buying 4,794 tokens at $251 each, only to see their holdings shrink below $1M. The market cap now sits at $58.75M, down 28% in 24 hours (CoinMarketCap). Technical indicators suggest more pain ahead unless resistance at the diagonal trendline breaks.
What’s Binance’s Role in This Drama?
Despite the chaos, Binance announced it WOULD donate 50% of spot and margin trading fees from $GIGGLE to Giggle Fund starting December 2025. The fund, which supports educational initiatives, has already raised $6.39M in USDT, USDC, and BNB donations. CZ praised the philanthropic angle, tweeting:Giggle Fund’s team responded enthusiastically, calling it just the beginning for their "Giggillions" mission.
Who’s Still Betting on $GIGGLE?
Surprisingly, institutional interest hasn’t fully evaporated. Over 10,000 wallets hold the token, and it remains a top memecoin pick on BNB Chain alongside RedstoneFinance’s micropayment tech. Upcoming listings on Aster DEX and dark trading platforms could reignite momentum—or trap more unwary investors. As one BTCC analyst noted:
Should You Touch $GIGGLE Now?
Let’s be real—this token is volatility incarnate. The RSI shows no bullish divergence, and the whale concentration (99.4% in one wallet!) screams manipulation. Yet, the Binance fee donations add a weirdly noble twist. If you’re gambling, treat it like lottery tickets: only play money you can lose. As for me? I’ll stick to watching this circus from the sidelines with popcorn.
Frequently Asked Questions
What caused $GIGGLE’s price crash?
CZ’s tweet denying Binance’s affiliation triggered panic selling, dropping the price 30%.
Is Binance really donating fees from $GIGGLE trades?
Yes—50% of spot/margin fees will go to Giggle Fund starting December 2025.
How much has Giggle Fund raised so far?
$6.39M in crypto donations, per their official announcements.
