PANews reported on November 4th that Giggle Academy stated on the X platform: "The Giggle Fund token is not issued by Giggle Academy, but is a meme token created spontaneously by the community. We thank the community for their donations and have set up a dedicated donation page to publicly disclose all income and expenditure details. Yesterday, Binance announced it would donate 50% of the Giggle Fund token transaction fees, a move that attracted significant user attention. To express our gratitude to the community, the team has decided to burn 50% of the Giggle transaction fees received from Binance. Giggle Academy will continue to focus on philanthropy and education and has no plans to issue tokens in the foreseeable future."