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The magnitude of a random telegraph signal (RTS) in nanoscale floating-gate devices has been experimentally investigated as a function of carrier concentration. Discrete current switching, which is caused by a single trap, has been found to be almost one order of magnitude higher with respect to what was predicted by the classical theory of carrier number and correlated mobility fluctuations. Nevertheless, the trap signature well fits the typical SiO2 trap spectroscopy. In addition, the rigid shift between the transfer curves related to filled- and empty-trap state, together with the normalized current fluctuation dependence on the channel carrier density, suggests that a pure number fluctuation is the correct theoretical interpretative framework. Thus, we propose a possible physical explanation for such a giant RTS on the basis of a quasi-1-D current filamentation.