Coins for classrooms: CZ raises $1.3M in donations for Giggle Academy
The lion’s share of donations has come from trading fees for a newly launched memecoin called $GIGGLE, launched by an X user known as RUNE.
Binance co-founder Changpeng “CZ” Zhao’s edutech venture, Giggle Academy, managed to amass over a million dollars in public donations within half a day, thanks mainly to a memecoin.
Giggle Academy’s donation address showed a balance of over 1,311 BNB (BNB) worth over $1.3 million at the time of writing, according to the BNB Smart Chain scan tool BscScan, after opening for donations on Sunday.
A large portion of the donations came through a memecoin called “Giggle,” which was launched by the Giggle Fund, which has been sending trading fees charged for the memecoin to the Giggle Academy as BNB.
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