GIGGLE (Giggle Fund) fell 22.60% in 24 hours

Gate News Bot news, on October 30, according to CoinMarketCap data, as of the time of writing, GIGGLE (Giggle Fund) is currently priced at $115.88, down 22.60% in the last 24 hours, with a high of $247.33 and a low of $85.67. The current market capitalization is approximately $116 million, a decrease of about $33.83 million compared to yesterday.

GiggleFund is an educational support platform that supports children's education through community donations. The project aims to provide educational opportunities for children through GiggleAcademy and is a community-driven initiative. Each transaction incurs a 5% tax, which is entirely allocated to the GiggleFund smart contract, directly donating to educational causes. GIGGLE tokens can be purchased and traded on PancakeSwap. The project emphasizes that each transaction can make a real difference in children's education, for example, a $1000 transaction can provide a $50 scholarship for GiggleAcademy.

Important news about GIGGLE recently:

1️⃣ Giggle Academy officially clarifies that it is not related to GIGGLE token Giggle Academy issued an official statement on October 25, clearly stating that it has not issued any cryptocurrency, tokens, or smart contracts. The organization emphasizes its mission to promote free high-quality education globally and reminds users to be wary of counterfeit official token projects. This statement may raise market concerns about the legitimacy and long-term development prospects of the GIGGLE token, becoming one of the important factors for the price fall.

2️⃣ Large GIGGLE transfers to the trading platform trigger selling pressure 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, potentially driving the continued fall in GIGGLE prices.

3️⃣ Price correction after market enthusiasm fades GIGGLE surged by 150% shortly after being listed on a certain trading platform, attracting significant market attention. However, this sudden popularity led to a sharp 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 following the decline in market enthusiasm.

From a technical perspective, the GIGGLE price has experienced significant volatility in the short term, from a low of 85.67 USD to a high of 247.33 USD, and now stands at 115.88 USD, indicating a high level of market uncertainty. On the fundamental side, clarification of the relationship between Giggle Academy and the GIGGLE token project could have a significant impact on the long-term development prospects of the token.

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