News linked to both this project and an event.
According to Odaily, billionaire Adam Weitsman posted on X platform that he purchased 117 Pudgy Penguins NFTs on-chain this weekend. Adam Weitsman stated that Pudgy Penguins is one of his favorite NFT collections, and he hopes this purchase will support the project, adding that "the penguin community will continue to stay strong."
Odaily reports: Polygon's official X account today posted a "Polygon is not dead" announcement, seemingly mocking Abstract's shutdown. In response, Polygon founder Sandeep posted a statement saying that the content did not achieve the intended传播 effect, and many community users interpreted it in a completely different way. He himself was also confused when he saw the content, but it was clearly the Polygon marketing team's self-deprecation, because some people had always said that Polygon was already dead, while Polygon's fundamentals were steadily rising.Sandeep added that the content was not intended to allude to Abstract's shutdown, and emphasized that he deeply respects Abstract founder Luca Netz and his team, and would not mock Abstract. Polygon had also terminated the zkEVM project, so he knows that pain well. He hereby clarifies the misunderstanding and would not make fun of them over this, and wishes Luca and the Pudgy Penguins team all the best.
Luca Netz posted on X that Abstract is gradually shutting down, and its parent company Igloo Inc. will shift all of its focus to Pudgy Penguins, Pudgy NFTs, and PENGU. Igloo has continued to provide funding support for Abstract over the past 18 months. Over its two years of operation, the project has accumulated losses in the tens of millions of dollars and has still not found product-market fit (PMF).He said that Abstract had previously processed over 300 million onchain transactions, launched Portal and AGW, and attracted multiple global brands to join, but issues such as an insufficient DeFi ecosystem, limited liquidity, low institutional participation, high costs, and declining demand for related products continued to constrain growth. In the end, Igloo Inc. could no longer continue diverting funds from the Pudgy Penguins business to support Abstract, and it did not choose to raise funds through token issuance or an ICO.
Odaily News, August 23 — Pudgy Penguins CEO Luca Netz posted a cryptic tweet on August 23, featuring an image of eyes, a penguin, and a building, followed by an arrow pointing to "SOON." Although the post contained no text, the market interpreted it as a hint that the company is advancing its listing plans. As a result, PENGU rose over 17% that day, and with improving overall market conditions, it has gained more than 66% over the past week.The community interpreted the building in the post as a stock exchange, reading the message as "Look, the penguin is about to go public soon." In a 2025 interview, Luca Netz stated he hopes to take the company public by 2027.
: Pudgy Penguins co-founder Cole Villemain was voted out and removed from his role by the project's holders in January 2022. Early Tuesday morning, the 44,444-piece NFT collection Spritehood, launched by Cole Villemain on the Robinhood Chain, sold out in under an hour. According to on-chain transaction data, the NFT mint generated approximately $1.28 million in revenue. During the public mint, 37,430 NFTs were sold at $17 each, while another 5,526 were sold at $117 each, the latter corresponding to the $100 upgrade option available on the mint page. Based on these figures, total sales revenue amounted to $1.2829 million, equivalent to approximately 684.28 ETH at the contract's mint-time pricing. Prior to the paid sale, the contract deployer also free-minted 1,488 NFTs through 20 zero-price transactions.
NFT project Pudgy Penguins has announced an expansion of its physical retail footprint, with its trading card game Vibes Series 3 now available for sale across all channels of U.S. retail giant Target. Following the launch of Vibes Series 3, the total circulation of Pudgy Penguins trading cards has reached 15 million. The new series introduces new gameplay mechanics, original artistic designs, and incorporates character elements from Moonbirds.
: Pudgy Party officially announced on the X platform that the team has decided to shut down the mobile game Pudgy Party and cease further development. Pudgy Party launched as the top-ranked app on the App Store, with total downloads exceeding 1 million.The team stated that their Web-based game, Pudgy World, has greater advantages in scalability, narrative potential, and user acquisition capabilities, and is experiencing rapid growth. As the core flagship game product of the Pudgy Penguins universe, the team will fully dedicate its efforts to its future development.
According to on-chain analyst Yujin’s monitoring, after 100 million PENGU tokens (valued at $1.08 million) were transferred from the Pudgy Penguins token deployment address to centralized exchanges, the PENGU price dropped 7% from $0.01147 to $0.0106. Six hours ago, the PENGU token deployment address transferred out 137 million PENGU tokens (valued at $1.5 million), of which 100 million PENGU tokens (valued at $1.08 million) were sent to multiple exchanges including OKX.