GIGGLE (Giggle Fund) down 7.06% in the last 24 hours

Gate News Bot Update: As of November 7th, according to CoinMarketCap data, GIGGLE (Giggle Fund) is currently priced at $193.76, down 7.06% over the past 24 hours. The highest price reached was $266.19, and the lowest dipped to $47.79. The current market capitalization is approximately $194 million, representing a decrease of about $14.72 million from yesterday.

GiggleFund is a community donation platform supporting children’s education. The project funds educational initiatives through community donations to GiggleAcademy, operating under the slogan “Built by the people, for the people.” GiggleFund applies a 5% transaction tax, with all taxes directly donated to the GiggleFund smart contract to support educational projects. The project emphasizes that each transaction can have a tangible impact—for example, a $1,000 transaction could provide a $50 scholarship to GiggleAcademy. The GIGGLE token can be traded on PancakeSwap.

Recent key updates regarding GIGGLE:

1️⃣ Gate.io Announces Support for GIGGLE Transaction Fee Donations
Starting December 2025, Gate.io will support donating 50% of transaction fees from spot and margin trading of GIGGLE to support charitable projects promoted by GiggleFund. This move aims to boost GIGGLE’s liquidity and trading volume, enhance its credibility, and potentially drive the price upward.

2️⃣ Giggle Academy Clarifies Relationship with GIGGLE Token
Giggle Academy officially states that GIGGLE is not an official token issued by them, and they currently have no plans to issue any cryptocurrencies, tokens, or smart contracts. The organization emphasizes its mission to promote free, high-quality education worldwide and warns users to beware of fake token projects impersonating them. This clarification may raise questions about the legitimacy of GIGGLE but also helps alleviate some investor concerns.

3️⃣ Market Volatility Causes Significant Price Fluctuations
Recently, GIGGLE experienced intense market swings, with rapid price increases and drops. Data shows that in the past four hours, liquidations amounted to $3.306 million, including $2.058 million in long positions and $1.247 million in shorts. This high volatility reflects strong market attention and speculative activity around GIGGLE.

From a technical perspective, GIGGLE has seen dramatic swings from $47.79 to $266.19 over the past 24 hours, currently stabilizing at $193.76. This indicates high market uncertainty and speculative interest. Fundamentally, Gate.io’s support for transaction fee donations could provide long-term support and visibility for GIGGLE, while the clarification regarding Giggle Academy’s relationship with the token may significantly impact its future development prospects.

Please note: This information is not investment advice. Market volatility involves risks.