Binance founder Changpeng Zhao (CZ) recently sparked controversy by mentioning the Giggle token, leading to a surge in price. However, the coin’s value has plummeted in the past 24 hours. Data shows GIGGLE briefly reached above $110 before dropping below $70, currently trading at $66.43 and losing over 25% of its value. CZ previously stated that Giggle is not officially issued by Giggle Academy. He also addressed reports of Binance donating 50% of Giggle Fund trading fees to charity, stating he was pleased with the donations but didn’t know who issued the token. Following CZ’s tweet mentioning Giggle, Binance listed the altcoin. This article does not constitute investment advice.