The GIGGLE token, linked to Binance founder Changpeng Zhao’s education-focused platform Giggle Academy, has seen a sharp rise after being listed on the exchange.
With the token’s price increase, one investor made a million-dollar profit thanks to a small investment he made just 33 days ago.
According to on-chain data, an investor purchased GIGGLE for $2,076 33 days ago. As of today, the investor has sold $381,600 worth of GIGGLE and still holds over $1.3 million worth of GIGGLE. The total profit exceeded $1.7 million, representing an 876x return on investment.
GIGGLE’s market capitalization reached $213 million, up 117% in the last 24 hours. According to Coinglass data, total GIGGLE contract positions across the network have risen to 515,000, while the total value of assets held has reached a record $110 million.
On a per-exchange basis, GIGGLE contract positions on Binance reached 303,900 ($65.6 million), representing a 265.76% increase in 24 hours. On Bybit, contract positions reached 60,500 ($13.06 million), representing a 209.04% increase.
The GIGGLE token, linked to the Giggle Academy ecosystem, aims to contribute to society by donating a portion of transaction fees to educational projects.
*This is not investment advice.