penguin

Binance will launch bStocks tokenized securities trading pairs: BBB/USDT, MDBB/USDT, PENGB/USDT, and UVXYB/USDT on October 14 at 20:00, and will enable spot algorithm trading bots and smart position trading bot services.Within one hour of the bStocks launch, users can exchange for BTC, USDT, or other tokens without any fees, and the zero maker fee promotion will last until November 1 at 07:59.

According to on-chain information, shortly after the shutdown announcement of Abstract, a newly created address withdrew 1 million USD from Kraken and then quickly bought 25 Pudgy Penguins NFTs on the market. As of the time of writing, the wallet still holds ETH worth 766,000 USD.As of the time of writing, the floor price for Pudgy Penguins NFTs is reported at 3.3 ETH, with a 24-hour increase of 6.8%.Pudgy Penguins CEO Luca Netz stated that Abstract is gradually shutting down, and its parent company Igloo Inc. will now focus all its efforts on the development of Pudgy Penguins, Pudgy NFTs, and PENGU.

NFT and IP company Igloo, Inc. announced the shutdown of its consumer-grade blockchain Abstract, reallocating personnel and resources to Pudgy Penguins, Pudgy NFT, and the token PENGU.Igloo stated that the goal of Abstract was to create a public chain for consumer scenarios, and the company invested engineering and ecological talent and infrastructure for this purpose. Its growth was constrained by the high operational costs of independent blockchain, limited liquidity, a weak DeFi ecosystem, and declining market interest. Over the past two years, Igloo has lost tens of millions of dollars to maintain Abstract's operations, expand, and seek product-market fit and profitability.The company stated that after even well-funded enterprises struggled to find product-market fit for their own blockchain, shutting down Abstract became the right decision. Moving forward, they will refine the brand path from products and content to PENGU, and then to Pudgy Penguins NFT, refocusing on this role as an IP.

The consumer-grade Ethereum Layer 2 network Abstract, supported by Pudgy Penguins' parent company Igloo Inc., announced that it will gradually cease operations and officially shut down its mainnet on December 15, 2026. The official reasons given are stagnation in growth, thin liquidity, limitations in the DeFi ecosystem, and insufficient institutional adoption. Abstract warns users that they must transfer their assets across chains before the shutdown date, or they may lose access to their funds.Abstract stated that the network has deployed over 144 applications and has attracted more than 400,000 users through consumer-grade collaborations with brands such as Red Bull Racing and Disney. However, significant changes have occurred in the industry since the project's conception, and the independent chain model focused on consumer-grade crypto has ultimately proven difficult to sustain. Igloo has continuously funded Abstract for the past 18 months, with CEO Luca Netz revealing that cumulative losses have reached tens of millions of dollars. Igloo is now redirecting resources towards Pudgy Penguins and PENGU.In July 2024, Igloo completed a financing round of over $11 million led by Founders Fund, aimed at developing Abstract and leveraging Pudgy Penguins' distribution capabilities to bring consumers on-chain. The network launched its mainnet in January 2025. Netz stated that Igloo ultimately decided not to issue Abstract tokens and would not continue funding the network at the expense of Pudgy Penguins' business.

Pudgy Penguins CEO Luca Netz posted an ambiguous tweet that included a pair of eyes, a penguin, and a building, followed by an arrow with the word "SOON." Although there were no textual messages, the market interpreted it as a hint that the company is advancing its IPO plans.As a result, PENGU rose over 17% that day, and combined with the overall market improvement, it has increased over 66% in the past week. The community interpreted the building in the post as a stock exchange and understood the meaning of the post as "Look, the penguin is about to go public soon." Luca Netz stated in a 2025 interview that he hopes to achieve the company's public listing before 2027.

According to The Defiant, Cole Villemain, the co-founder of the well-known NFT project Pudgy Penguins, who was voted out by the community, launched a series of 44,000 NFTs named Spritehood on Robinhood Chain on August 11, selling out in less than an hour.According to on-chain statistics of minting transactions by analyst 0xlaplaced, this sale generated approximately $1.2829 million (equivalent to about 684.28 ETH at the minting price), higher than the approximately $755,000 figure circulating during the sale, which was a snapshot taken while the sale was still ongoing. According to the statistics, the paid sale lasted about 53 minutes, during which 37,430 pieces were sold for $17 each, and 5,526 pieces were sold for $117 each. Before the paid sale began, the deploying party also distributed 1,488 pieces for free through 20 zero-price transactions.Reports indicate that the Spritehood contract itself is displayed as unverified source code on the Blockscout browser of Robinhood Chain, preventing buyers from reviewing the public code regarding its token pricing and distribution mechanism. Cole Villemain was voted out of the founding team by the Pudgy Penguins holder community in January 2022, accompanied by accusations of misappropriating project funds, but the related accusations have remained at the level of allegations, and Villemain has not been prosecuted as a result.

Pudgy Penguins' Web3 game Pudgy Party announced it will cease development and fully shift to the browser-based free game Pudgy World.In August last year, the NFT brand Pudgy Penguins launched a Web3 mobile game called Pudgy Party, developed in collaboration with Mythical Games, featuring fast-paced mini-games, customization, and digital collectibles. In March this year, Pudgy Penguins launched the browser-based free game Pudgy World.

According to Decrypt, cybersecurity company Malwarebytes Labs has warned that a fake website impersonating the newly released game Pudgy World from Pudgy Penguins is attempting to steal cryptocurrency wallet passwords.The phishing site pudgypengu-gamegifts[.]live uses a highly realistic replica of a cryptocurrency wallet interface to deceive users. When visitors select a wallet on this fake site, a seemingly authentic wallet unlock interface is displayed, leading users to mistakenly believe it is a trustworthy cryptocurrency wallet software.Malwarebytes points out that the timing of this phishing campaign appears to be carefully planned, coinciding with the game's launch and a surge of new users, and the attack almost covers all mainstream wallets, indicating that it may be backed by well-resourced threat actors or using commercial phishing toolkits. Users are advised to access the official website only through trusted bookmarks, avoid clicking on social media links, and be cautious of wallet password prompts that appear on web pages.

According to Onchain Lens monitoring, the Pudgy Penguins team deposited 450 million PENGU (3.12 million USD) into Binance.

Singapore cryptocurrency company Penguin Securities announced the completion of approximately 2.8 billion yen (about 18 million USD) in financing, with investors including mint, Tokyo University of Science Investment Management Company, and several other Japanese investment institutions.The company was co-founded in 2023 by Japanese entrepreneurs Yuya Kuratomi, Kentaro Kawabe, and Shogo Setoguchi, and has obtained a Capital Markets Services License from the Monetary Authority of Singapore (MAS) in 2025.

According to GMGN data, the top 5 tokens with net inflows of smart money in the past 24 hours are as follows:PENGUIN (8Jx8....ump): Net inflow of $5,000, 24-hour change -29%, currently priced at $0.0277.BEAM (CV38....RMj): Net inflow of $3,000, 24-hour change 139.1%, currently priced at $0.0044.x (4P63....bBA): Net inflow of $2,000, 24-hour change -16.7%, currently priced at $0.0001.KITTY (DFfP....ump): Net inflow of $1,000, 24-hour change 169.9%, currently priced at $0.0006.SOLO (SoLo....eta): Net inflow of $695, 24-hour change -2.3%, currently priced at $0.5117.

According to GMGN data, the top 5 trending tokens in the past 24 hours are as follows:PENGUIN (8Jx8....ump): Currently priced at $0.0316, market cap of $31.51 million, 24h change -30.8%, 24h trading volume $24.16 million, number of trades 59,190;Epstein (EF22....ump): Currently priced at $0.0013, market cap of $1.2 million, 24h change -53.7%, 24h trading volume $10.72 million, number of trades 105,473;PURCH (7EW5....ump): Currently priced at $0.0076, market cap of $7.51 million, 24h change +352.9%, 24h trading volume $24.56 million, number of trades 87,756;SCF (CcYC....ump): Currently priced at $0.0007, market cap of $660,000, 24h change +19.5K%, 24h trading volume $5.49 million, number of trades 77,387;1LY (Aih3....AGS): Currently priced at $0.0008, market cap of $750,000, 24h change +24.6K%, 24h trading volume $4.69 million, number of trades 43,174;

Nietzschean Penguin (PENGUIN) is now live on the Bybit spot platform.It is reported that the Bybit spot has launched Nietzschean Penguin (PENGUIN), with a Token Splash prize pool of 1,000,000 PENGUIN for new and existing users to share.

According to Arkham data, between 05:04 and 05:06, the Pudgy Penguins address experienced two large PENGU transfers, totaling 1,450,186,095.5 PENGU (valued at approximately 13.23 million USD).At 05:04, 1,166,666,663.75 PENGU (valued at approximately 10.66 million USD) was transferred from Pudgy Penguins to an anonymous address (starting with GHQKN...).At 05:06, 283,519,431.75 PENGU (valued at approximately 2.59 million USD) was transferred from Pudgy Penguins to an anonymous address (starting with CrDuS...).

According to reports, the new round of ByVotes on Bybit has begun. Users can gain voting rights by holding eligible assets on Bybit, and the votes will determine whether PENGUIN will be listed on the Bybit spot trading platform.If the project successfully breaks through and goes live, supporters who participated in the voting will have the opportunity to share a generous prize pool of up to 1,500,000 PENGUIN.

Solana co-founder Toly changed the X account profile picture to a "penguin" themed concept image. According to GMGN monitoring, possibly influenced by this news, the Meme coin PENGUIN on the Solana chain briefly surged over 17%, with a market cap currently reported at $9,330 and a 24-hour trading volume of $80.6 million.ChainCatcher reminds users that Meme coin trading is highly volatile, largely relying on market sentiment and speculative hype, and has no actual value or use case. Investors should be aware of the risks.

According to monitoring by onchainschool.pro, a certain PENGUIN address with a floating profit of $400,000 has started to sell for profit. In the last 10 minutes, this address sold tokens worth $40,000.As of the time of writing, the market capitalization of PENGUIN is reported at $85.6 million, with a 24-hour decline of 31.8%.

Bybit Alpha and Byreal have launched PENGUIN-USDC on-chain liquidity mining, with the current annual percentage rate (APR) reaching up to 4,986%.Through Bybit Alpha Farm, users can seamlessly access on-chain liquidity protocols and participate in high-quality liquidity pool mining with just their Bybit account, ensuring operational convenience while obtaining more competitive on-chain returns.

Pump.fun co-founder Alon tweeted, "The early success of the Solana ecosystem meme coin PENGUIN proves that on-chain transactions have never died; they are just a 'sleeping giant' waiting for the right moment to be awakened. The psychological barriers have only just begun to be broken. There are still plenty of opportunities ahead."

According to GMGN market data, the market capitalization of the Solana ecosystem meme coin PENGUIN has been halved from yesterday's historical high, dipping to a level of $61 million at one point in the early morning. It is currently reported at $78.2 million, with a 24-hour decline of 42.85%, down 53% from yesterday's high, and a 24-hour trading volume of $157 million.