Is Charity the New Utility for Meme Coins? Binance’s Changpeng Zhao Thinks So
Giggle Academy, a free on-chain learning platform backed by Binance founder Changpeng Zhao (CZ), has raised $880,000 in its first two hours of opening donations.
The bulk of these donations come from a newly launched GIGGLE token. What began as a lighthearted meme coin experiment quickly escalated into a major education initiative.
Giggle Academy Turns Meme Coin Momentum Into $880,000The surge began when Rune, a trader and popular user on X (Twitter), suggested that meme coins could serve charitable functions.
“Hey CZ, would Giggle accept donations from tokens? An utility of meme coins is charity,” Rune wrote on X (Twitter).
The trader pointed to past examples, such as Vitalik Buterin’s Shiba Inu donation and WaterCoin’s funding for MrBeast’s clean water project.
According to Rune, the response was immediate. Within hours, $880,000 had been donated, $56,000 of which came directly from GIGGLE trading fees, which flowed in at one point at $1,000 per minute.
The Giggle memecoin has donated $880,000 to @GiggleAcademy in its first 2 hours
I’m proud of the @BNBCHAIN community and glad to have raised awareness & helped raise funds that enable free education https://t.co/iN7XV1BHWu
Unlike previous meme-fueled charity efforts, GIGGLE takes a structured approach. The token, trading on BNB Chain, sends contributions in BNB rather than in its own token.
According to Rune, this is a healthy way to donate, as it avoids clogging the donation process with illiquid or unstable assets.
Binance Founder Changpeng Zhao Sets ExpectationsChangpeng Zhao, meanwhile, set expectations, articulating that GiggleAcademy will convert/sell the meme coins it receives to major altcoins before spending. Against this backdrop, he warned GIGGLE token holders against imminent selling pressure.
“We appreciate the donations, but please don’t complain about the selling pressure later,” he noted.
Giggle Academy is the education initiative CZ pushed ahead of his arrest, and the project he committed to fostering following his release.
Some updates on @GiggleAcademy.
We got a team of 10 now. Some part time, some full time. All remote. We have calls together 3 times a week, in addition to adhoc smaller chats.
Hiring is on-going. I do a dozen interviews a week. We are targeting a 15 people team initially.
We…