Igloo, the company behind Pudgy Penguins, announced it will shut down its Abstract layer-2 blockchain on December 15, 2026. Holders of the PENGU token and Pudgy Penguins NFTs on Abstract must move their assets before this deadline or risk losing access. Despite processing over 325 million transactions and hosting major brands, Abstract was not commercially viable, leading Igloo to focus on the Pudgy Penguins brand and physical products instead. Token holders should use official migration tools and be aware of tax implications when transferring assets to other blockchains.
The Pudgy Penguins project and its PENGU token face a key deadline as the Abstract layer-2 blockchain will shut down on December 15, 2026. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 14, 2026 16:31 WIB: out of 50 major cryptocurrencies, 13 rose and 36 fell today. Notable movers include SAND (The Sandbox) at Rp1.030 with a 10% Sell / 90% Buy order activity, COTI at Rp221 with 25% Sell / 75% Buy, and CAKE (PancakeSwap) at Rp42.684 with 17% Sell / 83% Buy.
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