$PENGU fell 6.9% in 24 hours to $0.00855763 and 12.7% over the week after its team shut down L2 Abstract.

Igloo said Abstract’s growth had stagnated, with limited DeFi and thin liquidity.

The network goes offline on December 15, 2026; funds that are not moved risk being lost. Volume: $PENGU $213 million, with a volume-to-market-cap ratio of 40%.