Education-focused platform Giggle Academy announced on its social media accounts that fake token projects were created by people impersonating them.
Platform officials stated that it has never released any cryptocurrency, token, or smart contract addresses, nor has it participated in any investment projects. The statement emphasized that the organization’s mission is to “spread free, high-quality education globally,” and that users will never be asked for money or asked to download apps.
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Giggle Academy warned users about the risk of scams, urging them not to click on unknown links, not to send funds and to report suspicious accounts.
This announcement further fueled speculation surrounding the GIGGLE token, which has surged 158.27% in the last 24 hours. At the time of writing, the GIGGLE token has a market capitalization of $236 million, and the company’s official announcement doesn’t appear to have caused any price decline.
*This is not investment advice.
