GIGGLE's Rapid Ascent Sparks Discussion While Giggle Academy Denies Any Association

GIGGLE, a memecoin shaped by its community,

, has jumped close to 20% in a recent rally, briefly pushing its market cap to $130 million, according to figures from . The sudden price increase has led to confusion and increased scrutiny, especially as it coincided with comments from Academy—an educational platform associated with Binance co-founder Changpeng Zhao—which publicly stated it has no ties to the token, as reported by .

Launched in September 2025 on the

Smart Chain, the GIGGLE token has shown significant price swings. On October 25, its market value soared from $86 million to $277 million, only to fall back to $60 million the following day. By early November, it recovered to about $90 million, highlighting the speculative nature common to memecoins. This volatility has brought attention to the risks of community-driven tokens, which often lack the oversight found in more established cryptocurrencies.

Giggle Academy, founded by Zhao to advance crypto education, released a statement clarifying it played no part in creating or managing the GIGGLE token. "The GIGGLE token is a community-launched, unofficial memecoin," the academy posted on X, stressing its lack of involvement. Nonetheless, the academy’s educational mission has unintentionally fueled speculation about the token’s authenticity, with some investors mistakenly linking the two.

Binance, the world’s largest crypto exchange by trading volume, has further boosted the token’s visibility. The exchange revealed it will donate half of GIGGLE’s trading fees, starting in December, to the

, a charitable organization supporting the academy’s projects. While this move highlights Binance’s support for community-led initiatives, it has also sparked debate over the exchange’s impact on token prices.

Experts point to a wider trend of memecoins gaining popularity as meme-themed assets rally. Maria Voss, a blockchain analyst at Crypto Insights, commented, “Wild price swings are expected with memecoins, but clear boundaries with related organizations are essential to safeguard retail traders.” GIGGLE’s recent performance echoes that of other memecoins like

and , whose price movements have been fueled by social media buzz and institutional interest.

Despite the academy’s efforts to distance itself, the token’s swift ascent has reignited discussions about the responsibilities of prominent figures in the crypto industry. Some critics believe Zhao’s association—even if indirect—could encourage speculative behavior, especially among novice investors. Supporters, on the other hand, see GIGGLE as an example of financial democratization, where grassroots efforts and community governance drive value.

With the token’s market cap now hovering near $127 million, Lookonchain’s data indicates that regulators and industry observers may soon examine its compliance with securities regulations. The U.S. Securities and Exchange Commission (SEC) has increasingly focused on memecoins for possible registration breaches, adding further risk for participants.