Quick Breakdown:
- Within hours of opening for donations, CZ’s Giggle Academy collected $1.3 million mainly through $GIGGLE memecoin trading fees converted to BNB.
- The initiative promotes accessible blockchain-based learning, incentivizes educators, and ensures transparent donation tracking.
- The project exemplifies combining meme tokens with philanthropy to address educational inequalities worldwide.
Binance co-founder Changpeng “CZ” Zhao’s Giggle Academy has raised more than $1.3 million in donations shortly after opening its doors for contributions, marking a significant milestone for the Web3 education initiative. The bulk of donations came from a newly launched memecoin, $GIGGLE, which channels fees collected on trades directly to the academy in the form of Binance Coin (BNB).
Crazy that @GiggleAcademy received more than $1m donations in the first 12 hours of the feature being online. Way beyond my expectations.
Lots of good people out there. Lots of good crypto people. 🙏
90% of the donations so far came from a meme coin. I still don’t get how a $5m… https://t.co/U8vBt3pT1X pic.twitter.com/FIsuGT4Q7R
— CZ 🔶 BNB (@cz_binance) September 22, 2025
Memecoin sparks rapid fundraising surge
The donation address for Giggle Academy showed a balance of over 1,311 BNB, equivalent to $1.3 million, according to blockchain tracking on the BNB Smart Chain. This rapid influx of funds was largely driven by $GIGGLE’s 5% transaction fee, which converts memecoin trading activity into stable BNB donations without causing sell pressure on the token. The idea for accepting memecoin donations originated from an X (formerly Twitter) user known as Rune, who highlighted charitable uses of meme coins like Vitalik Buterin’s Shiba Inu donation in 2021. The Giggle Fund, using the $GIGGLE token, has processed nearly 1,000 transactions to the academy’s wallet, signalling strong community participation.
Supporting accessible education through blockchain
Giggle Academy is more than a fundraiser; it represents CZ’s vision of leveraging blockchain technology to provide free, on-chain adaptive learning in crucial subjects, including literacy, blockchain, and artificial intelligence. The platform offers incentives for educators and creators by rewarding top contributors, aiming to scale education access globally, especially in underserved regions.
The success of Giggle Academy’s fundraising highlights growing enthusiasm for blending decentralized finance, meme tokens, and philanthropy to tackle education gaps worldwide. CZ and his team continue to expand the platform’s capabilities, seeking to educate millions using blockchain-powered solutions.
Meanwhile, Changpeng Zhao (CZ) issued a warning regarding the escalating sophistication of North Korean cyber threats targeting crypto firms. He specifically pointed to tactics such as hackers impersonating job candidates or employers to infiltrate companies, and the dangers posed by insider threats and compromised vendor systems. Separately, Zhao also expressed his view that CBDCs are “outdated” when compared to stablecoins.
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