An unofficial memecoin named GIGGLE saw its price spike to $110 after cryptocurrency exchange Binance revealed it would support the project’s charitable goals. The announcement also triggered a 150% increase in the token’s daily trading volume as market activity intensified.

Binance Pledges Trading Fees to Charity

In a formal statement, Binance outlined a plan to contribute to the causes championed by the GIGGLE community. Starting in December 2025, the exchange will donate 50% of all transaction fees generated from GIGGLE’s spot and margin trading pairs. The funds will be directed to charitable projects selected by the memecoin’s team.

Binance noted that the initiative allows traders to contribute to social causes through their regular activity. However, the exchange clarified that if the GIGGLE community fails to follow through on its promised donations, Binance will withdraw its support. The standard trading fees for the token will remain unchanged.

Clarifying the Link to Giggle Academy

The GIGGLE token, which launched on the BNB Chain, shares its name with the “Giggle Academy,” an educational project founded by former Binance CEO Changpeng Zhao (CZ). This has led to some confusion, but both Binance and CZ have confirmed the memecoin is not officially associated with the academy.

The token is a community-driven project that has voluntarily chosen to donate its proceeds to support the Giggle Academy. Responding to the news, CZ reiterated that he doesn’t know who created the token but reacted positively to its fundraising efforts and Binance’s decision to contribute its fees.

A Volatile Market Reaction

Following the Binance announcement, GIGGLE’s price quickly climbed to a high of $110 before experiencing a sharp correction. The price has since stabilized around $59, suggesting the initial speculative excitement has subsided as the market finds a new baseline.

This isn’t the first time the token has experienced such volatility. Earlier in the month, CZ inadvertently caused a rally from $82 to over $120 when he mentioned a “$GIGGLE” ticker in a post about donations received by his academy. As with the more recent surge, that price spike was short-lived, with the token returning to its previous levels within hours.