Binance, Changpeng Zhao, and meme coins always go hand in hand. It goes like this: CZ, the co-founder of Binance, posts a picture of his dog (or anything catchy), and the crypto world goes berserk.
Thousands of meme coins associated with the dog hit the market. A few of these meme coins end up listing on Binance, where they experience explosive growth, with some garnering hundreds of millions in market capitalization. Binance Life is an example. There are many more.
As of November 10, the total market cap of all meme coins on the Binance Smart Chain (BSC) exceeds $16Bn. While Dogecoin is the largest and meme coins on Solana still dominate, it is only a matter of when before a moonshot token from the BSC breaks into the top 10.
Binance Giggle Academy: Will It Redefine Meme Coins?
Zhao is putting in the work, ensuring the world doesn’t drift without understanding what crypto is or exploring the potential of meme coins.
Amid legal challenges in early 2024, Zhao launched the non-profit online education platform, The Giggle Academy.
The educational platform operates independently of Binance and is focused primarily on providing global access to education. While it is not a direct product of Binance, it does get occasional support from the mega exchange, including donations from transaction fees on related tokens.
More than a year after launching, the non-profit serves over 70,000 children across the globe and continues to publish its income statement for everyone to audit.
Last week, Zhao noted that the Giggle Fund token smart contract, which is designed by the community, will directly transfer BNB to the public donation address of the Giggle Academy.
Binance, on the other hand, proposed donating its trading fees in the form of the Giggle Fund token.
Meanwhile, the Giggle Academy will burn half of the received tokens and convert the other half into BNB.
Why is Giggle Meme Coin Pumping? $300 Incoming?
Ahead of this, the Giggle meme coin is pumping hard. While the Giggle Academy issued a statement that GIGGLE is not the official token, degens don’t care.
GIGGLE crypto is up +120% in one week, clearing above key resistance levels. While there was no follow-through after the November 5 rally, GIGGLE USD has found support at $100.
(Source: GIGGLE USD, GeckoTerminal)
If buyers double down from spot rates, there is a high probability that GIGGLE USD will break $300 and print fresh all-time highs.
Part of this confidence stems from speculation that the Giggle meme coin could be undervalued. Once Binance starts donating with the fund’s smart contracts, automatically burning GIGGLE tokens, its deflationary nature alone would likely push prices higher.
There are only 1M of GIGGLE tokens in circulation, and with Changpeng Zhao and Binance in the equation, it is easy to see why the BSC meme coins could soar if there is FOMO.
GIGGLE is already trading on Binance, and other exchanges, including MEXC and KuCoin, have already listed the meme coin.
Currently, GIGGLE has a market cap of less than $200M. On X, one analyst thinks the meme coin will easily “staircase” its way to $1Bn, an over +500% expansion.
