CZ Sets the Record Straight: Binance’s Giggle Fund Donation Plan Amid Meme Coin Chaos (2025 Update)

• What’s the Deal with the GIGGLE Meme Coin?
• How Does Binance’s Donation Plan Work?
• Giggle Academy’s Official Stance
• BNB’s Rocky Week
• FAQ: Your Burning Questions Answered

Binance’s former CEO Changpeng Zhao (CZ) has clarified the relationship between the viral GIGGLE meme coin and his nonprofit Giggle Academy, emphasizing that the token is community-driven and not officially affiliated with Binance or the Academy. Despite initial confusion, Binance proposed donating a portion of trading fees from GIGGLE transactions, while Giggle Academy committed to burning half of these tokens. Meanwhile, the meme coin’s wild price swings left whales nursing heavy losses. Here’s the full breakdown of the drama, including on-chain data, official statements, and market reactions.

What’s the Deal with the GIGGLE Meme Coin?

The crypto world loves a good meme coin saga, and GIGGLE delivered just that. Launched anonymously, the token skyrocketed by 300% after listing on Binance, only to crash 30% when CZ publicly denied any ties to it. "The $GIGGLE meme coin is NOT an official coin launched by Giggle Academy," he posted on X. On-chain sleuths revealed whales pumped the price—one address spent 1.2M USDT buying tokens at $251 each, now worth under $1M after the plunge. At press time, GIGGLE traded at $80.97 with a 24-hour volume surge of 106% to $179M (Source: CoinMarketCap).

How Does Binance’s Donation Plan Work?

In a twist, Binance floated a proposal to donate 50% of GIGGLE trading fees to Giggle Academy. CZ explained the smart contract sends BNB directly to the Academy’s public donation address—a system designed by the community, not Binance. The Academy then burns half the tokens and converts the rest to BNB. "Why burn donations?" CZ addressed the elephant in the room: it’s a deflationary mechanism to stabilize the token’s value. The arrangement is strictly between Binance (donor) and Giggle Academy (recipient), with all transactions transparently disclosed.

Giggle Academy’s Official Stance

The Academy doubled down in a November 4, 2025 statement: "1. The Giggle Fund token is not issued by us—it’s a community memecoin. 2. We appreciate donations and will publicly track income/expenses. 3. No plans to launch our own token." The nonprofit, launched by CZ in 2024 for global free education, wants to distance itself from crypto speculation. BTCC analysts note this isn’t the first time a meme coin hijacked a project’s branding—remember the SHIB/DOGE frenzy of 2021?

BNB’s Rocky Week

While GIGGLE stole headlines, BNB faced its own turmoil, dropping 18% in seven days amid selling pressure. Some traders speculate the dip was exacerbated by the meme coin fallout, though CZ insists the two are unrelated. "BNB’s utility extends far beyond any single token," he remarked. Data from TradingView shows BNB’s derivatives open interest dipped 12%, suggesting Leveraged positions were unwound.

FAQ: Your Burning Questions Answered

Is GIGGLE an official Binance or Giggle Academy token?

No. Both CZ and Giggle Academy confirmed the meme coin is purely community-driven.

Why would a charity burn donated tokens?

To reduce supply and potentially increase the remaining tokens’ value—a common deflationary tactic in crypto.

Can I still trade GIGGLE on exchanges?

Yes, it’s listed on Binance and BTCC, among others, but volatility remains extreme.

Will Giggle Academy launch its own token later?

Unlikely. Their focus is education, not crypto issuance.