PENGU Price Prediction: Igloo Stops Abstract After 18 Months of Funding and Goes All In on Pudgy Penguins

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Igloo, the company behind Pudgy Penguins, switches off its own blockchain Abstract on December 15 and puts all its resources into Pudgy Penguins and PENGU. The price fell roughly 10 percent after the news. What the change of course means, what is released on October 17 and which levels count.Pudgy Penguins (PENGU) trades at around $0.0088, or about 0.0078 euros, early on Thursday morning, October 8, 2026 (according to CoinGecko). Almost 9 percent is missing over seven days, and most of that went after a piece of news on Tuesday evening: Igloo Inc., the company behind Pudgy Penguins, is shutting down its own blockchain Abstract and will from now on concentrate entirely on Pudgy Penguins, the collection's NFTs and PENGU. For the PENGU price prediction that cuts both ways: a loss-maker disappears, but so does part of the story the project grew on. What Igloo Announced: Abstract Closes, PENGU Moves to the Centre Igloo chief executive Luca Netz set out the reasoning on X on October 6...