Following the announcement of Abstract's shutdown, a newly created wallet purchased 25 Pudgy Penguins NFTs, contributing to a 6.8% rise in the collection's floor price to 3.3 Ether (ETH) within 24 hours. The wallet initially withdrew $1 million from Kraken to fund these purchases and still holds Ether worth $766,000. Meanwhile, Abstract's parent company, Igloo Inc., is shifting its focus entirely to Pudgy Penguins, Pudgy NFTs, and PENGU tokens, signaling a strategic pivot in their business. This activity highlights growing investor interest in Pudgy Penguins despite Abstract winding down operations.
The story about Pudgy Penguins NFTs follows market data from Pluang's cryptocurrency sector. As of Oct 07, 2026 13:21 WIB, only 4 of 50 major cryptocurrencies rose while 45 fell. Notable movers include UNI at Rp146.355 with a 1-day change of -7.11%, ENJ at Rp550 down 6.82%, and ONE at Rp39 down 6.51%.
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Abstract, a layer-2 Ethereum blockchain operated by Igloo Inc., will cease operations on December 15, 2026, after losing tens of millions of dollars over 18 months. Despite processing over 325 million transactions and partnering with brands like Disn...
