$GIGGLE Binance Burns 1,673 GIGGLE Tokens, Volume Drops 50% 📉

The Giggle Academy's deflationary mechanism remains active, but recent data indicates a notable slowdown in the GIGGLE token burn rate compared to the previous period.

🔥 Binance's hot wallet transferred 1,673 GIGGLE tokens, worth approximately $111,700, to the Giggle Academy burn address today.

📉 This burn amount marks a significant 50% decrease from the last transaction. It could suggest lower trading volumes or reduced fee generation for Giggle Academy during this monitored period.

🔄 As per the protocol and previously outlined by CZ, Binance contributes a portion of its trading fees to the Giggle Fund. Giggle Academy then burns 50% of these tokens and converts the remaining 50% into BNB.

❓ With the burn rate halved, is this a temporary fluctuation or a broader indication of cooling interest within the ecosystem?

💡 This news is for informational purposes only and not investment advice. Please conduct your own research before making any financial decisions.