GiggleFund’s initiative to convert half of trading fees to GIGGLE for donations and burns intensifies scarcity, driving the token to peak above $270 within 24 hours.
GIGGLE rose 137% in the past 24 hours, reaching $265 after briefly exceeding $270. GiggleFund announced that starting December 1, 50% of trading fees from all Giggle pairs will be converted into GIGGLE tokens for donation to Giggle Academy and partial token burn. This measure aims to reduce circulating supply, adding to deflationary pressures already in place. The price action reflects strong market enthusiasm for supply-reduction and community-support initiatives.