The Pudgy Penguins token (PENGU) is trading below key resistance levels amid declining derivatives activity and the upcoming shutdown of the Abstract network on December 15, 2026. PENGU recently dropped below $0.010 with resistance near $0.0083 and support around $0.0076. Open interest in derivatives has fallen from $160 million to about $130 million, signaling reduced market participation. Abstract, an Ethereum Layer 2 platform hosting PENGU, will cease operations due to stagnant growth and limited adoption, requiring users to move assets before the deadline. Meanwhile, Pudgy Penguins will hold a separate event on October 17, unrelated to the network shutdown.
Following news about the Abstract network shutdown affecting Pudgy Penguins, PENGU trades at Rp149 on Pluang as of Oct 10, 2026 12:01 WIB, showing a 3.17% gain in the last day. The token's market cap stands at Rp9.34 trillion with a 24-hour trading volume of Rp2.73 trillion. Pluang users currently favor buying PENGU with 67% of orders, and the typical holding period is 32 days.
Derive (DRV) led crypto search interest, rising 14.88% to $0.548 with a market cap of $548.6M, following a previous 27% surge. Starknet (STRK) posted the largest 24-hour gain of 27.57%, trading at $0.0765 and valued at $570.2M. Other notable movers i...
Abstract, an Ethereum layer-2 network by Igloo Inc., will cease operations on December 15, 2026, following 18 months of financial losses totaling tens of millions of dollars. The network, which onboarded over 400,000 users and processed 300 million t...
