An important announcement has been made regarding the GIGGLE (Giggle Fund) token, which has risen rapidly in recent hours due to its suspected connection to “Giggle Academy.”
Education-focused platform Giggle Academy announced on its social media accounts that the fake token project was created by people impersonating it.
Platform officials said the company has never publicly disclosed the addresses of its cryptocurrencies, tokens or smart contracts, nor has it participated in any investment projects. The organization’s mission is to “bring free, high-quality education to the world,” the statement said, stressing that users will never be asked to pay money or download an app.
Giggle Academy warned users of the risk of fraud, asking them not to click on unknown links, not to send money, and not to report suspicious accounts.
The announcement further fueled speculation surrounding the GIGGLE token, which has soared 158.27% in the past 24 hours. At the time of writing, the GIGGLE token has a market capitalization of $236 million, and the company’s official announcement does not seem to have caused the price to fall.
*This is not investment advice.