GIGGLE's Rapid Ascent Surpasses Fraud Alerts and Expert Reservations

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GIGGLE's Rapid Ascent Surpasses Fraud Alerts and Expert Reservations

Bitget-RWA2025/10/25 21:54

By:Bitget-RWA

- 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

Giggle Fund

(GIGGLE) token has recently captured the spotlight in the crypto world after being listed on Binance, leading to a surge in both on-chain transactions and its price. On October 25, a significant whale transferred all 10,000

GIGGLE

tokens it had gathered between September 27 and October 13 into Binance, as reported by blockchain analyst

Ai Auntie

. Should this whale sell its holdings, it stands to gain $1.71 million in profit, marking a 376% return, according to

Coinotag

. This transaction highlights the rising enthusiasm for GIGGLE, which has soared 118.7% over the past day, based on data from

Cryptopolitan

, far exceeding the overall crypto market's 0.3% increase.

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

Moomoo

, noted a 130% increase.

GIGGLE's Rapid Ascent Surpasses Fraud Alerts and Expert Reservations image 0

Large-scale investor activity has further intensified speculation. A notable wallet, 0x279c, withdrew $1.2 million in

USDT

from Binance and acquired 4,794 GIGGLE tokens at an average cost of $251 each, according to Cryptopolitan. The wallet’s holdings are now valued at $1.07 million, with GIGGLE comprising 99.4% of its assets, per Cryptopolitan. This heavy concentration underscores the token’s appeal among major players, despite lacking strong fundamentals.

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

Bitcoinsistemi

. The organization clarified it has never issued a cryptocurrency or engaged in investment ventures, urging users to steer clear of suspicious links and phishing schemes. Despite these warnings, GIGGLE’s price continued its upward trajectory, jumping 158.27% in the past 24 hours, indicating that traders are favoring momentum over caution.

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,

BNB

Chain’s partnership with

Redstone

Finance aims to support decentralized prediction markets using modular

oracle

technology, as highlighted by Cryptopolitan. These moves reinforce Binance’s role in driving liquidity and adoption for up-and-coming tokens like GIGGLE.

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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