GIGGLE, a meme coin on BNB Smart Chain (BSC), extended its gains for a second straight day on Aug. 1 and briefly rose above $50, according to HTX market data. The token was later quoted at $48.06, up 17.54% over the previous 24 hours.
The move came as traders tracked comments from Changpeng Zhao, or CZ, who responded a day earlier to a community discussion over whether Giggle Academy had sold donated tokens, a point some participants said had added instability to the token’s price. In that response, CZ said community donations should remain pure and should not be used to farm engagement.
The price action and the community discussion appeared in close proximity in the market narrative cited by BlockBeats. No further details on token flows or additional trading data were provided in the source report.
GIGGLE, a meme coin on BNB Smart Chain (BSC), climbed for a second consecutive day on Aug. 1 and briefly moved above $50, according to HTX market data. It was later quoted at $48.06, with a 24-hour gain of 17.54%.
On the news side, CZ responded a day earlier to a community discussion over claims that Giggle Academy had sold donated tokens, which community members said had made the token price less stable. CZ said community donations should be pure and should not be used to farm engagement.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
