DeFi· ★★★· bearish·

Pudgy Penguins founder drops Abstract from X profile amid chain shutdown fears

  • —Luca Netz removed the Abstract mention from his X handle
  • —A wallet linked to developer Cygaar is reportedly moving funds out of Abstract
  • —Cygaar's X account has been inactive since June 2026
  • —Ecosystem lead Mason and product lead 0xBeans left in August
Why it matters: Shutdown rumors threaten the Abstract L2 ecosystem and Pudgy Penguins-linked assets, adding uncertainty for holders.
Source: TokenPost
More on this
DeFi · Sep 23
Pudgy Penguins launches Essentials collection as smart money buys and whales trim
 DeFi · Sep 17
Rice Robotics and Pudgy Penguins to Launch Companion Robot Pengu Minibot
 Markets · yesterday
PENGU Jumps 10% as Pudgy Penguins Expands Seoul Activation