Abstract airdrop farmers demand $212M PENGU unlock after L2 shutdown
- —Abstract will shut down by December, so the XP-to-token launch will never happen
- —26B PENGU — 29.3% of the 88.88B supply — remains locked, worth $212M
- —The demand is led by Charles Moscoe, founder of GM Capital (Beanie Maxi on X)
- —PENGU fell 2% and could extend losses to $0.0076
Why it matters: A precedent: failing to reward loyal users could erode trust in airdrops and Pudgy Penguins' tokenomics.
Source: AMBCrypto