Airdrop farmers of Abstract, an Ethereum Layer 2 project by Pudgy Penguins, are demanding the release of about 26 billion locked PENGU tokens worth $212 million after the project's shutdown announcement. These farmers earned XP points convertible to PENGU tokens, but with Abstract closing by December due to lack of market fit, the token launch is canceled. Led by Charles Moscoe, the farmers argue they deserve compensation for their early support and liquidity provision. The Pudgy Penguins community is divided on this demand, and the token price has dropped amid the debate. It remains uncertain if the team will unlock the tokens for the farmers, impacting investor trust in the project.
The Pudgy Penguins airdrop farmers' demand for PENGU compensation is the subject, with Pluang market data providing context. As of Oct 12, 2026 09:21 WIB, 38 of 50 major cryptocurrencies on Pluang rose while 10 fell. Notable price changes include CAKE at Rp42.746 with a 5.61% increase and ONE at Rp35 with a 5.81% decrease.
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Billionaire Adam Weitsman purchased 117 Pudgy Penguins NFTs to support the struggling collection after its parent company shut down the Abstract layer-2 project. This move increased his total Pudgy Penguins holdings to 167 and coincided with a 16.7% ...
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