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

According to Odaily Planet Daily, Zhao Changpeng posted on the X platform that Giggle Academy received over $1 million in donations within 12 hours of opening it for donations. Approximately 90% of this came from $900,000 in fees generated by a 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; he would personally cover any related expenses. The project has not created a token and has no plans to issue one in the future.