PENGU Surges as Igloo Goes All In on Pudgy Penguins After Halting Abstract Support

Igloo ended Abstract funding and shifted full focus to Pudgy Penguins and PENGU. Abstract generated heavy losses despite 400,000 users and over 144 applications. PENGU fell after the announcement but later recovered part of losses Big strategic shifts often spark strong reactions in the crypto market. That happened again after Igloo announced a dramatic change in direction. The company behind Pudgy Penguins has decided to stop funding…