Pudgy Penguins parent firm shuts down its own blockchain
Pudgy Penguins' parent company, Igloo Inc, shutdown its own Abstract Chain after it cost the firm tens of millions of dollars to keep afloat.
価格、利回り、market capとは何か — マーケット初心者の方向けです。閲覧しながらすべての用語を平易な言葉で説明します。同じデータに、解説が組み込まれています。
マーケットはすでにご存知の方向けです。データだけを — クリーンに、速く、コンパクトに、余分な説明なしで提供します。これがデフォルトの表示です。
本サイトのすべての数値は、対象期間とソースを付記したJSON形式で取得できる。
API ドキュメントを読むPENGU is the official meme token of Pudgy Penguins, an NFT collection and brand that has built a large following across social media and popular culture. Its stated purpose is to let the broader Pudgy Penguins fanbase, including people with no prior crypto experience, participate in the community known as The Huddle. It positions itself as a social and cultural token rather than a utility or payment instrument.
PENGU is a meme token that lives across multiple blockchains, including Ethereum, Solana, and BNB Chain, as reflected in its ecosystem categories. It does not operate its own consensus layer — block minutes are recorded as zero and no consensus algorithm is stored — so it depends entirely on the host chains for settlement and security. The token's function within any system is community membership and cultural affiliation rather than governance, fee capture, or protocol operation.
No fee stream is recorded in the data for PENGU, which means there is no on-chain revenue flowing to token holders or a treasury from protocol activity. Because there is no fee basis, fee-derived valuation measures are not applicable to this asset. The circulating supply stands at 62,860,396,090 tokens against a maximum supply of 88,888,888,888, leaving approximately 22.05 percent of the maximum supply as dilution overhang — tokens that have been issued relative to the maximum but not yet in circulation — which is a structural consideration for anyone monitoring supply dynamics.
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Pudgy Penguins' parent company, Igloo Inc, shutdown its own Abstract Chain after it cost the firm tens of millions of dollars to keep afloat.
Igloo CEO Luca Netz said the company funded Abstract for 18 months but still failed to find product-market fit despite attracting major brands and a community of…