Quick Breakdown
- •Giggle Academy confirms it did not create the Giggle Fund token, calling it a community-driven memecoin.
- •Binance pledges to donate 50% of Giggle Fund token trading fees to Giggle Academy.
- •Giggle Academy to burn half of the received fees and convert the rest to BNB for transparency.
Official Statement and Binance Partnership
Giggle Academy has issued an official statement distancing itself from the Giggle Fund token, clarifying that the memecoin was created by community members and not the organization itself. The academy reiterated that it remains a non-profit education platform with no plans to issue any cryptocurrency in the foreseeable future.
Official Statement | Giggle Academy
1. The Giggle Fund token is not issued by Giggle Academy; it is a memecoin initiated by the community.2. We appreciate the donations from the community, and we have set up a donation page to publicly disclose all income and expenses.
3.…
— Giggle Academy (@GiggleAcademy) November 4, 2025
According to the statement, Giggle Academy has launched a public donation page to enhance transparency, allowing the community to track all income and expenses. The clarification follows heightened attention after Binance announced its support for donating 50% of trading fees generated from Giggle Fund token transactions to the Giggle Academy donation address.
Community Donations and Binance Partnership Details
In response to Binance’s announcement, Giggle Academy said it would burn 50% of the Giggle transaction fees it receives and convert the remaining portion to BNB. The academy emphasized that this decision was made to show appreciation for community support while reaffirming its commitment to transparency and accountability.
Binance co-founder Changpeng “CZ” Zhao also weighed in on the development, explaining that the Giggle Fund token’s smart contract—designed by the community—automatically donates BNB directly to Giggle Academy’s public address. CZ clarified that the donations are strictly between Binance (as the donor) and Giggle Academy (as the recipient), noting that the exchange owns the trading fees being donated.
Clarifying the Token's Purpose and Giggle Academy's Mission
Addressing confusion about the token’s connection to the academy, CZ stressed that Giggle Academy is not a crypto business but a free education platform. He suggested it would be simpler for Binance to handle both the token burn and conversion before sending the remaining BNB donations directly to Giggle Academy.
Giggle Academy concluded its statement by urging investors to act responsibly, emphasizing that its mission remains centered on education and charitable impact.
CZ's Warning on Meme Coin Scams
Separately, CZ cautioned the crypto community about a growing wave of meme coin scams circulating on major social media platforms. In an October 20 post on X, he revealed that hackers have been hijacking verified accounts to post fake contract addresses of newly launched tokens in attempts to defraud unsuspecting traders.