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PENGU, DOGE, SHIB Plunge 7% as Pudgy Penguins' Parent Exits Blockchain

Oct 7, 2026 · 12:28 PM ET· updated 1h ago
PENGU, DOGE, SHIB Plunge 7% as Pudgy Penguins' Parent Exits Blockchain

Pudgy Penguins falls 7% as Igloo shuts down Abstract blockchain after losing tens of millions over 18 months.

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Why It Matters

A company that made penguin collectibles shut down its blockchain project. It lost a lot of money, so people got worried about similar projects.

This read is generated by AI from raw market data and is for education only. It is not financial advice, not a signal, and not a recommendation to buy or sell.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.

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