[Giggle Academy under CZ raises over $1 million within 9 hours, mostly from GIGGLE token transaction tax] According to Cointelegraph, Giggle Academy, founded by CZ (Changpeng Zhao), raised over $1 million within 9 hours of opening public donations. GiggleFund responded that most of the funds came from the 5% transaction tax generated by $20 million in GIGGLE token trading volume.