CZ Clarifies Giggle Academy Token Sales, Signals Potential Meme Coin Trading Activity

Binance founder CZ denies managing Giggle Academy addresses, explaining token-to-BNB swaps fund global education. He also hints at testing new strategies via meme coin trades.

Woofun AI reports that Binance founder CZ addressed the controversy surrounding Giggle Academy’s token sales, stating he has no personal communication with the team and does not manage the relevant address. He explained that the academy routinely exchanges donation tokens for BNB at month-end to support free education programs benefiting over 1 million children. CZ emphasized that donors should expect recipients to utilize donations rather than destroy them, as the latter adds unnecessary administrative burden.

Additionally, he expressed support for meme coins and indicated he may trade a few in the coming weeks to test new strategies.