**Giggle Academy Clarifies Position Amid Giggle Fund (GIGGLE) Token Surge and Binance Donation Announcement**
The Giggle Academy has issued an official statement to address recent confusion surrounding the popular Giggle Fund (GIGGLE) token—a community-created memecoin that recently garnered significant attention following Binance’s announcement to donate a portion of trading fees to the educational platform.
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### Giggle Academy Disassociates from Giggle Fund Token Issuance
Through its official X (formerly Twitter) page, Giggle Academy made it clear that it has no official ties to the issuance or management of the Giggle Fund token. The Academy reaffirmed that it has neither launched any cryptocurrency nor has plans to do so in the foreseeable future.
The statement emphasized that:
– The Giggle Fund token is a community-initiated memecoin.
– Giggle Academy is not involved in any financial speculation related to the token.
– Donations to the Academy are welcomed and encouraged.
To ensure transparency, Giggle Academy has set up a dedicated donation page where all income and expenses will be publicly disclosed, reinforcing its commitment to accountability.
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### Background: Binance’s Donation Pledge
On November 3, 2025, Binance announced it would donate 50% of the transaction fees generated from GIGGLE token trading activity to Giggle Academy. This generous pledge means that half of the fees collected from GIGGLE trades on Binance will directly support the Academy’s educational and charitable initiatives.
The announcement sparked excitement within the crypto community but also led to some confusion about the relationship between Giggle Academy and the Giggle Fund token.
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### Giggle Academy’s Response to the Crypto Community
In response, Giggle Academy expressed appreciation for Binance’s generosity but clarified that it remains unaffiliated with the token’s issuance or trading ecosystem.
The organization further detailed how it intends to use the donation funds:
– Half of the transaction fee donations received will be **permanently burned**, effectively removing these tokens from circulation as a gesture of goodwill and transparency toward the community.
– The remaining half will be converted to BNB (Binance Coin) to fund the Academy’s educational and charitable programs.
The Academy urged the community to exercise responsibility in their investment decisions and reiterated its focus on charity and education rather than crypto business ventures.
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### CZ Clarifies Donation Process and Token Mechanics
Shortly after Giggle Academy’s statement, Binance founder and former CEO Changpeng Zhao (CZ) stepped in via X to clear up lingering questions about the donations and token mechanics.
CZ explained:
– The Giggle Fund Token smart contract is programmed to send BNB donations directly to the public Giggle Academy donation address.
– Binance is donating its GIGGLE trading fees **in the token itself** rather than fiat currency or another crypto asset.
– Giggle Academy’s decision to burn half the funds while converting the remainder to BNB is voluntary and part of an internal agreement between Binance and the Academy.
– The trading fees still belong to Binance, and this donation structure is Binance’s way of giving back to the community.
– It would be simpler if Binance handled burning and conversions before transferring the appropriate BNB to Giggle Academy.
CZ concluded by reaffirming that Giggle Academy is a **free educational platform**, not a crypto business.
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### Final Thoughts
The series of clarifications from both Giggle Academy and Binance leadership aims to promote transparency and prevent misunderstandings as the Giggle Fund token gains traction. The Academy remains steadfast in its mission to focus solely on charitable and educational work, welcoming donations but distancing itself from token speculation and issuance.
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*For more updates, follow Giggle Academy’s official X page and visit their donation transparency site.*
https://bitcoinethereumnews.com/finance/cz-and-giggle-academy-clear-up-confusion-burn-plan-set/?utm_source=rss&utm_medium=rss&utm_campaign=cz-and-giggle-academy-clear-up-confusion-burn-plan-set
