Binance founder Changpeng Zhao has shifted his view on memecoins after his new education initiative, Giggle Academy, received millions of dollars in crypto donations.
The project, designed to provide free learning opportunities, surpassed $2.4 million in contributions within days of launching its donation feature, according to the Giggle Fund website.
Giggle memecoin
Zhao shared on X that the academy had collected more than $1 million in its first 12 hours, calling the response “incredible” and praising the generosity of crypto users.
However, what caught his attention was the source of most of the funds. According to him, nearly 90% of the early contributions came from a single memecoin project called Giggle.
Giggle is a memecoin project on the Binance Smart Chain (BSC) designed to donate its trading fees to the Giggle Academy. The token has a maximum supply of 1 million coins and over 7000 holders as of press time.
Zhao admitted he had no idea who created the token or how its smart contract was written. However, he conceded that the project’s unique utility has changed his perspective about memecoins.
Considering this, he stated:
“Giggle will put these donations to good use. They will be used to incentivize contributors and accelerate growth. They will not be use to pay employees. I will cover employee and server costs for the foreseeable future personally.”
He further stressed that the academy has no plans to launch its own token, adding that tokenomics could “complicate” its mission of delivering accessible education.
Instead, he expects the project to sustain itself through ongoing donations and future support from alumni who benefit from its programs.
This fundraising success arrives at a moment when the crypto community is actively debating whether memecoins can evolve beyond speculation.
While critics argue that these tokens lack real-world use, advocates such as Ethereum co-founder Vitalik Buterin have long promoted their potential in philanthropy. Buterin himself has directed large memecoin windfalls toward charitable causes ranging from animal shelters to health research.