Sir Keir Starmer's approval rating has also been given a boost, matched only by Tony Blair over the past 40 years.
But signs of a split within the party have emerged, with Momentum holding a virtual Stand with Corbyn rally this evening.
“The facts, as far as I see them, are that Jeremy Corbyn has shown a lifelong distaste for racism of any bent,” one said.
The GoFundMe page was created after it was reported that John Ware, a reporter for Panorama, was taking legal action for libel against former Labour leader.
Is Starmer driving out the Left of the Labour Party, or drawing a line under Labour's long-standing anti-Semitism issue?
Leading figures on the left have responded to the news of Corbyn's suspension. Here are some of the most significant reactions.
A spokesperson for the Labour Party said: "In light of his comments made today and his failure to retract them subsequently, the Labour Party has suspended Jeremy Corbyn pending investigation."
“I found this report hard to read,” Starmer said. “It is a day of shame for the Labour Party."
In a statement posted on his Facebook page, Corbyn said that reform of the Party’s complaints process was “stalled by an obstructive party bureaucracy” and that the system was “not fit for purpose” when he became leader in 2015.
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