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Meme Token’s Fund Donates $11 Million to Binance Founder-Backed Academy

GiggleFund has made a significant donation of 9,928 BNB, valued at over $11 million, to Giggle Academy, an educational initiative publicly supported by Binance founder Changpeng “CZ” Zhao.

This donation, reported by BlockBeats News, comes from a 5% transaction tax collected on trades of the GIGGLE meme token. While the GIGGLE token lacks an official endorsement, the news has positively impacted its market cap, demonstrating GiggleFund’s influence.

Despite the substantial donation, official entities are urging investor caution due to the meme token’s lack of formal endorsement and the potential for regulatory scrutiny. The market’s reaction and future regulatory decisions remain crucial factors for those investing in the token.

October 2025, Cryptoniteuae

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Vaibhavv Ali
Vaibhavv Ali

Vaibhavv Ali is the founder and editor of Cryptonite (cryptonite.ae), an independent digital-asset news and analysis publication with a UAE focus. He covers virtual-asset regulation — VARA, ADGM and the UAE Central Bank — alongside real-world-asset tokenization, stablecoins and agentic AI in finance. Every Cryptonite article is human-edited and its sources are linked. He is also a celebrated speaker and host.

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