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Giggle Academy Raises $1.3 Million Fast with Meme Coin Support

Key Takeaways

  • ​Giggle Academy, launched by Binance co-founder CZ, raised over $1.3 million within hours of opening donations on September 21;
  • Most funds came through a meme token called Giggle, which sends trading fee proceeds in BNB directly to the academy;
  • The donations will support educational content, platform growth, and provide incentives for top-performing students.​

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Giggle Academy Raises $1.3 Million Fast with Meme Coin Support

Changpeng "CZ" Zhao, co-founder of Binance $13.35B , has launched Giggle Academy, an education-focused project that recently collected over $1.3 million in public contributions within a few hours.

The donation wallet, which opened on September 21, showed a balance exceeding 1,311 BNB BNB $1,023.49 when checked through BscScan.

A large share of these contributions came through "Giggle", a newly released meme coin. Created by the Giggle Fund, this token directs fees collected during trading activity straight to the academy’s donation wallet, which sends BNB instead of the actual token.

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Giggle Academy explained that the funds are allocated to support content creators, promote the platform, build its user community, and expand its features.

The goal is to allow educators to share learning content and reward students who achieve top results.

The idea of donating through tokens was first raised on X by a user known as @RuneCrypto. They referred to a past instance where Ethereum ETH $4,199.71 co-founder Vitalik Buterin donated Shiba Inu SHIB $0.0000121 to a pandemic relief fund.

In response, CZ clarified that meme token donations would be converted into more stable digital assets and noted that while donations are welcome, donors should not worry later about changes in token prices.

Later, @RuneCrypto explained that this particular token operates differently from traditional meme coins. Instead of sending the token itself, it deducts a small BNB fee and transfers that to the donation address.

Recently, Rain and M0 secured nearly $100 million in venture funding as interest in programmable money continues to grow. What are the funding goals for each company? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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