Data: After the Abstract shutdown announcement, a newly created address concentrated on buying 25 Fat Penguin NFTs

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.