Adam Weitsman buys 117 Pudgy Penguins to back the collection through a rough patch

Most people show support for a struggling project by posting a heart emoji. Billionaire collector Adam Weitsman bought 117 Pudgy Penguins instead. Weitsman confirmed the purchase on X on October 11, 2026. He framed it as a show of support for the collection and its community during a difficult stretch. That stretch has a specific cause. The company behind Pudgy Penguins decided to shut down Abstract, its layer-2 project, and the move left the community looking for a reason to stay optimistic. The details of the buy The purchase pushes Weitsman’s total to 167 Pudgy Penguins, spread across several wallets. The market noticed quickly. The Pudgy Penguins floor price reportedly rose to approximately 2.74 ETH, or around $6,900, after the announcement. That marked a 16.7% gain within 24 hours. The “floor price” is simply the cheapest listed price for any item in the collection, so it works as a rough gauge of entry-level demand. A collector with a pattern This was not Weitsman’s first dip into the Pudgy pool. His earliest purchase from the collection dates back to December 2025. Since then, he has made several significant acquisitions in 2026. One of them was an over-the-counter deal cove...