Analysis: A certain wallet purchased 20% of the GIGGLE tokens during the initial launch but sold too early, missing out on $30 million in gains.

PANews, November 11 — Blockchain analytics platform Bubblemaps posted on X that a certain wallet purchased 20% of the GIGGLE tokens during their initial launch but sold early before CZ (Changpeng Zhao) tweeted, missing out on $30 million in profit. In 2024, CZ launched the non-profit educational platform Giggle Academy; in September 2025, the GIGGLE token was launched as a community fundraising project to raise funds. After CZ’s tweet supporting it, the token’s market cap quickly surpassed $200 million. Before CZ’s tweet, several “early movers” targeted GIGGLE. Analysis of trading data in the first minute after the launch revealed that nine addresses were linked, each purchasing 20,000 tokens, totaling 180,000 GIGGLE (worth approximately $28 million at current prices). However, this “early mover” sold most of their tokens on the same day, making a profit of $170,000. Notably, in the same block, another 240,000 GIGGLE tokens were purchased (accounting for 24% of the total supply), and no on-chain link has been found between these and the first “early mover” so far.