Changpeng Zhao: 90% of Giggle Academy's donations come from Meme coins, which has changed my view on Meme coins

Changpeng Zhao posted on the X platform that Giggle Academy received over $1 million in donations within 12 hours of opening it for donations, with approximately 90% of that coming from $900,000 in fees generated by a single Meme coin, which has a market capitalization of approximately $5 million. He said this changed his perspective on Meme coin and emphasized that it had demonstrated practical utility. Zhao also stated that Giggle Academy would not use the donations for employee expenses, which he would personally cover. The project has not created a token and has no plans to issue one in the future.