How does GIGGLE actually get "burned"?
When you trade GIGGLE on Binance, transaction fees (trading fees) are incurred. This applies to both spot and futures/margin trading.
These fees don't just vanish into thin air; instead, the platform uses them for agreed-upon purposes:
A portion is converted into GIGGLE tokens and allocated to initiatives related to the Giggle Academy (charity/education purposes)—in other words, this part of the tokens will be used for philanthropic efforts.
The remaining portion (often referred to in media as the "other half/remaining part") gets sent to a "burn address (burn wallet black hole address)".
The black hole address has the characteristic that once tokens are sent there, they can’t be retrieved or circulated again, effectively leading to a permanent reduction in the circulating supply of GIGGLE (what everyone calls "burning").
In summary:
Binance trading fees from GIGGLE → converted to/support GIGGLE charity projects → remaining portion sent to the burn address → cannot be circulated, achieving permanent burn. If GIGGLE's trading volume is high, more tokens will be burned, which raises the price—though many got trapped in the last pump, and there are a lot of bag holders.
Currently, a total of 9838 GIGGLE have been burned, with the latest burn on May 1st being 2155 tokens, as shown in the chart.
#glggle $GIGGLE