💥 Memecoin Plunges After Giggle Academy Denies Affiliation $GIGGLE #memecoin is a BNB-based charity token that automatically routes a percentage of transaction fees to Giggle Academy's public address. Giggle Academy is a non-profit organization founded by Changpeng Zhao (CZ) to provide free education. This direct funding mechanism, coupled with Binance's announcement that it would donate 50% of GIGGLE transaction fees to related charities, misled investors into believing the token had official endorsement. Academy Clarifies Position In early November 2025, Giggle Academy publicly clarified that the GIGGLE token is not an official token, and the academy has never issued any cryptocurrency or token. Their goal is to protect the integrity of their educational programs from speculative markets, emphasizing the difference between their charitable activities and the volatile token market. Following the academy's denial, the price of the GIGGLE token fluctuated significantly, subsequently plummeting, further demonstrating the market's reliance on so-called "endorsements." This incident reflects a broader problem in the cryptocurrency space: "meme coins" exploit popular names or projects to hype and boost liquidity. Other examples include $PEPE (based on the popular frog meme) and $FLOKI (named after Elon Musk's dog), tokens whose names have no direct connection to their origins, yet use this association to create a highly speculative and volatile trading environment, often misleading the public and increasing risk. #Write2Earn #hype #MEME