"CZ's Giggle Academy donation" concept Meme Token GIGGLE market capitalization surpasses 26 million USD

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On September 22, according to GMGN data, the BSC on-chain "CZ's Giggle Academy Donation" concept Meme Token GIGGLE has surpassed a market capitalization of $26 million within 12 hours of its launch, with a current price of $26 and a trading volume of $33 million. Previous reports indicated that 90% of the donations received by Giggle came from meme coins, with most of the funds originating from a trading volume of about $20 million generated by a 5% trading tax in the early stages of the GIGGLE token launch. BlockBeats notes: CZ has reiterated that Giggle Academy has not created a token and will not create a token in the foreseeable future. The GIGGLE token is not the official token of Giggle Academy but is merely a Meme token on the BSC chain and has not received official endorsement, so investors should exercise caution.

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