The meme coin GIGGLE on Solana has recently taken off in the last 24 hours. The price surged to a high of $0.27, with a rise of 137%—there's a pretty aggressive strategy behind this explosion.

The project team has launched a new mechanism: starting from December 1st, half of the transaction fees collected from all GIGGLE trading pairs in a leading exchange will be used to buy GIGGLE. What is it bought back for? A portion will be donated to charity, while the other part will be directly thrown into the burn address.

In plain language, it means — every time you make a trade, there will be less GIGGLE in the market. This setup has forcibly packaged the meme coin, which originally relied solely on community sentiment, into a combination of "deflationary model + public welfare narrative." Speculative value and community stickiness are instantly pumped up.

The data is straightforward: once the news broke, trading volume and market cap skyrocketed in a short period. Once again, it proves how much the meme coin sector is obsessed with keywords like "burn" and "deflation."

But that being said - this thing is essentially a meme coin. There are no practical application scenarios, and the price relies entirely on narrative and sentiment. Whales can dump at any time, and when community enthusiasm wanes, the chips can easily collapse. It's a high-volatility asset, and you need to think clearly about how much drawdown you can withstand when chasing it.