On-chain data shows that shortly after Abstract announced it was shutting down, a newly created wallet withdrew $1 million from Kraken and quickly bought 25 Pudgy Penguins NFTs on the market. At the time of publication, the wallet still held ETH worth $766,000. Pudgy Penguins’ floor price was 3.3 ETH, up 6.8% over the past 24 hours. Pudgy Penguins CEO Luca Netz also said in a post that Abstract is being wound down in stages, and that parent company Igloo Inc. will shift its full focus, effective immediately, to the development of Pudgy Penguins, Pudgy NFTs, and PENGU.
According to ChainCatcher, on-chain data shows that shortly after Abstract announced it was shutting down, a newly created wallet withdrew $1 million from Kraken and then quickly bought 25 Pudgy Penguins NFTs on the market.
As of publication, the wallet still held ETH worth $766,000.
At the time of writing, the Pudgy Penguins floor price stood at 3.3 ETH, with a 24-hour gain of 6.8%.
Pudgy Penguins CEO Luca Netz said in a post that Abstract is being gradually closed, and that parent company Igloo Inc. will, effective immediately, devote all of its efforts to the development of Pudgy Penguins, Pudgy NFTs, and PENGU.
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