Pudgy Penguins without its own blockchain from December 15: what happens to PENGU now?

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 is shutting down the layer-2 blockchain Abstract on December 15, 2026, and holdings on it become unreachable after that. What is left of Pudgy Penguins, where PENGU trades against the euro, and what the move to another blockchain means for tax.PENGU is the token of the Pudgy Penguins brand, and the brand is losing its technical foundation: Igloo, the company behind the penguins, is shutting down its own layer-2 blockchain Abstract on December 15, 2026. Anyone who leaves holdings on it until then will not be able to reach them after that date. For holders of PENGU and of Pudgy Penguins NFTs, that is the only hard deadline in the whole process. Everything else about it can wait. The current price level and the ranges appear on our Pudgy Penguins price prediction page. What remains of the ecosystem is quickly listed: a brand with plush toys in retail, a free browser game, 8,888 images on the Ethereum blockchain and a token with a market value of just under $500 million. All f...