GIGGLE (Giggle Fund) fell 3.06% in the last 24 hours.

Gate News Bot news, on October 29, according to CoinMarketCap data, as of the time of this writing, GIGGLE (Giggle Fund) is currently priced at $166.91, a 3.06% fall in the last 24 hours, with a high of $247.33 and a low of $85.67. The current market capitalization is approximately $167 million, a decrease of $5.2714 million compared to yesterday.

GiggleFund is a platform that supports children's education through community donations to support GiggleAcademy. The project is community-led and aims to be an unstoppable force for good. Each transaction has a 5% tax, which is directly donated to the GiggleFund smart contract for educational purposes. The project emphasizes that there are no team allocations or development taxes; all funds are used for education. GiggleFund is a community-driven meme coin project and is not officially associated with Giggle Academy.

Important news about GIGGLE recently:

1️⃣ Giggle Academy statement is not related to GIGGLE token Giggle Academy officially clarified on October 25 that it has not issued any cryptocurrencies, tokens, or smart contracts. The organization emphasizes its mission to promote free quality education globally and reminds users to be cautious of false token projects impersonating the official ones. This statement may raise concerns in the market regarding the legitimacy and long-term development prospects of the GIGGLE token, and is one of the important factors contributing to the price fall.

2️⃣ Large GIGGLE transfer to trading platform On-chain data shows that there have been multiple large transfers of GIGGLE to trading platforms recently. One investor transferred 7,081 GIGGLE worth $1.61 million, while another investor transferred 4,154 GIGGLE worth $1.06 million. These actions may indicate significant selling pressure, becoming a potential driver for the continued fall in GIGGLE prices.

3️⃣ Correction after the market heat fades After GIGGLE was listed on a trading platform, it saw a surge of up to 150% in a short period, attracting significant market attention. However, this sudden heat led to a substantial fall in other related tokens, reflecting the speculative nature and volatility of the cryptocurrency market. The current fall of GIGGLE may be a natural correction phenomenon following the cooling of market enthusiasm.

From a technical perspective, the GIGGLE price has experienced significant volatility in the short term, moving from a low of $85.67 to a high of $247.33, and currently sitting at $166.91, indicating a high level of market uncertainty. On the fundamental side, the clarification of the relationship between Giggle Academy and the GIGGLE token project may have a significant impact on the long-term development prospects of the token.

This message is not an investment advice, and investors should be aware of market volatility risks.