GIGGLE's Rapid Ascent Surpasses Fraud Alerts and Expert Reservations
- GIGGLE token surged 118.7% after Binance listing, hitting $204 and $204M market cap. - Whale deposited 10,000 GIGGLE tokens on Binance, potentially generating $1.71M profit (376% ROI). - Giggle Academy denied token affiliation, warning of scams despite price rising 158.27%. - Analysts caution volatility lacks fundamentals, with 100% trading fees directed to Giggle Academy.
The
Binance’s listing—one of the world’s largest crypto exchanges—ignited the token’s rapid ascent. The exchange revealed it would support GIGGLE with several spot trading pairs, such as GIGGLE/USDT, GIGGLE/USDC, and GIGGLE/TRY, as detailed by Cryptopolitan. Binance also assigned a "Seed Tag" to GIGGLE, signaling high volatility but confirming it has passed institutional-level due diligence, according to Cryptopolitan. Following this news, GIGGLE reached a record price of $204, pushing its market cap to $204 million, Coinotag reported. Some platforms observed a 150% price jump within hours of the listing, while others, like
Large-scale investor activity has further intensified speculation. A notable wallet, 0x279c, withdrew $1.2 million in
Yet, the excitement has also sparked controversy. Giggle Academy, a nonprofit focused on education, released a statement distancing itself from the GIGGLE token and warning the public about possible scams, according to
Recent integrations by Binance may also be boosting GIGGLE’s exposure. The exchange has teamed up with x402, a micropayment protocol backed by Coinbase, to offer instant, account-free transactions. Additionally,
Although the recent rally has been dramatic, experts warn that this kind of surge is typical of the volatility seen after new listings. Coinotag pointed out that such rapid gains often lack lasting fundamentals and are driven by liquidity and order book dynamics. While GIGGLE’s model—allocating all trading fees to Giggle Academy—has won praise in the crypto community, the token’s long-term prospects will depend on ongoing demand and regulatory developments.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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