Whales' All-In Gamble Triggers GIGGLE's 14% Freefall

GIGGLE, the token tied to the Giggle Fund, has plunged over 14% in the last 24 hours, trading at $94.98 as of October 28, 2025, according to moomoo. This sharp decline follows a period of explosive growth, with the token surging 118.7% in the 24 hours prior to the drop, driven by its recent listing on Binance, a Cryptopolitan report says. Whale investors had aggressively accumulated the asset, with one major wallet purchasing $1.2 million worth of USDT to acquire 4,794 GIGGLE tokens at an average price of $251 each.

The token's volatility underscores its status as a high-risk, high-reward play. Despite the recent selloff, GIGGLE's 24-hour trading volume has surged by 459%, reaching $158.72 million, as traders grapple with the aftermath of the Binance listing. CoinMarketCap data shows the token's market capitalization at $223.46 million, a 116.05% increase from the previous day. However, the price correction has erased much of the gains seen after Binance's announcement, which had triggered a 91% weekly gain and a 1,532% rally over the past month.

The token's surge was fueled by its integration with Binance's x402 micropayment protocol and a strategic partnership between BNB Chain and Redstone Finance to enhance prediction markets, a Cryptopolitan report noted. Binance's "Seed Tag" designation for GIGGLE—which highlights high-volatility assets—also contributed to heightened trading activity. Yet, the rapid price swings have raised concerns about sustainability. On-chain data reveals that the same whale wallet now holds 99.4% of its portfolio in GIGGLE, valued at $1.06 million.

While the token's tokenomics—directing 100% of trading fees to Giggle Academy, a nonprofit educational initiative—have garnered praise, the recent downturn highlights the speculative nature of the asset. Analysts caution that such volatility is typical for newly listed tokens, particularly those with strong whale influence and limited institutional oversight.