The GIGGLE token, linked to Binance founder Changpeng Zhao’s education-focused platform Giggle Academy, has skyrocketed since being listed on the exchange.
Due to the rising price of the token, one investor made millions of dollars thanks to a small investment made just 33 days ago.
According to on-chain data, the investor bought GIGGLE for $2,076 33 days ago. As of today, this investor has sold $381,600 worth of GIGGLE and still has over $1.3 million worth of GIGGLE. Total profits exceeded $1.7 million, representing an 876x return on investment.
GIGGLE’s market capitalization rose 117% in the past 24 hours, reaching $213 million. According to Coinglass data, total GIGGLE contract positions across the network increased to 515,000, and total holdings reached a record $110 million.
On an exchange-by-exchange basis, GIGGLE contract positions on Binance reached 303,900 ($65.6 million), representing an increase of 265.76% in 24 hours. At Bybit, contract positions amounted to 60,500 ($13.06 million), an increase of 209.04%.
GIGGLE tokens linked to the Giggle Academy ecosystem aim to contribute to society by donating a portion of transaction fees to educational projects.
*This is not investment advice.