$GIGGLE Why has it been falling continuously? The pain period of charitable memes.

In the past week, $GIGGLE has fallen sharply from a high of $250 to $84.63, with a further decline of 5.97% in the last 24 hours, and its market value has shrunk by over 60%. As a charity meme coin endorsed by CZ, it was supposed to soar with the popularity of Giggle Academy, but instead, it has fallen into a quagmire.
Main cause analysis: 1) After being listed on Binance, whales speculated and pumped the price, retail investors chased the highs and got caught, leading to a liquidity crisis and a selling wave. 2) The meme sector overall corrected, profit-taking combined with supply unlocking pressure, and insufficient transparency amplified panic.
3) In a weak market, the decline of Bitcoin and ETH has dragged down the bottom fishers, who have already "gone bankrupt."
Outlook: If CZ injects confidence, the charitable narrative may reignite buying interest, with short-term support at $80, and if it breaks, it could test $63. It is advised to wait and not rush to go all in.
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