Whales' Bold Bet Sparks GIGGLE's 14% Plunge

GIGGLE, the cryptocurrency associated with the

, has dropped more than 14% over the past day, with its price at $94.98 as of October 28, 2025, according to . This steep fall comes after a dramatic rally, where the token soared by 118.7% in the previous 24 hours, a surge attributed to its recent debut on Binance, notes. Large holders, or whales, had been actively buying up the token, including one wallet that spent $1.2 million in USDT to purchase 4,794 tokens at an average cost of $251 each.

The token’s dramatic price swings highlight its reputation as a highly speculative investment. Despite the recent price drop, GIGGLE’s trading volume over the last 24 hours has jumped 459%, hitting $158.72 million, as traders react to the Binance listing’s aftermath.

indicates that the token’s market cap now stands at $223.46 million, marking a 116.05% rise from the day before. Still, the recent correction has wiped out much of the gains made after the Binance announcement, which had previously sparked a 91% weekly increase and a 1,532% surge over the past month.

The token’s rapid ascent was driven by its adoption of Binance’s x402 micropayment protocol and a strategic alliance between

Chain and Finance to boost prediction markets, according to a Cryptopolitan report. Binance’s “Seed Tag” for GIGGLE—which signals assets with significant volatility—also spurred increased trading. However, the swift price fluctuations have sparked doubts about the token’s long-term stability. Blockchain data shows that the same whale wallet now has 99.4% of its holdings in GIGGLE, currently valued at $1.06 million.

Although the token’s structure—allocating all trading fees to Giggle Academy, a nonprofit focused on education—has been well received, the recent decline underscores the asset’s speculative risks. Experts warn that such volatility is common for newly listed tokens, especially those dominated by whale activity and lacking substantial institutional participation.