GIGGLE (Giggle Fund) fell 19.62% in 24 hours.

Gate News Bot news, on October 27, according to CoinMarketCap data, as of the time of writing, GIGGLE (Giggle Fund) is currently priced at $188.45, falling by 19.62% in the last 24 hours, with a high of $247.33 and a low of $85.67. The current market capitalization is approximately $188 million, a decrease of about $46.014 million compared to yesterday.

GiggleFund is an education support platform that supports GiggleAcademy children's education through community donations. The project is community-driven, with a 5% tax generated on each transaction, all of which goes directly to donations for the GiggleFund smart contract, with no team allocation or development tax, and 100% allocated for education. GiggleFund is a community-driven meme token project, not officially associated with or endorsed by Giggle Academy.

Important news about GIGGLE recently:

1️⃣ Giggle Academy Official Clarifies No Tokens Issued Giggle Academy officially stated on October 25 that it has not issued any cryptocurrencies, tokens, or smart contracts. The organization emphasizes its purpose is to promote global free quality education and reminds users to be cautious of fake token projects impersonating the official ones to prevent financial losses. This statement may raise concerns in the market regarding the legitimacy of the GIGGLE token, potentially affecting investor confidence.

2️⃣ A large amount of GIGGLE has been transferred to the trading platform On-chain data shows that there have been multiple large transfers of GIGGLE into trading platforms recently. A whale transferred 7,081 GIGGLE worth 1.61 million USD, and another investor transferred 4,154 GIGGLE, worth 1.06 million USD. These actions may indicate significant selling pressure and are one of the potential factors for the fall in GIGGLE's price.

3️⃣ Market Heat Transfer Impact After GIGGLE was listed on a certain trading platform, it experienced a short-term increase of 150%, attracting a lot of market attention. However, this sudden popularity may lead to a significant fall in other related tokens like PING, reflecting the speculative and volatile nature of the cryptocurrency market. The current fall of GIGGLE may be a natural correction after the market hype has faded.

From a technical perspective, the price of GIGGLE has experienced severe fluctuations in the short term, from a low of 85.67 USD to a high of 247.33 USD, and now at 188.45 USD, indicating extreme market uncertainty. On the fundamental side, clarifying the relationship between Giggle Academy and the GIGGLE token project may affect the long-term development prospects of the token.

This message is not investment advice; investors should be aware of market volatility risks.