Pudgy Penguins' PENGU token fell 7% Wednesday after parent company Igloo Inc. announced it is shutting down its Abstract blockchain. Igloo CEO Luca Netz said the company is shifting its full focus back to Pudgy Penguins, Pudgy NFTs and PENGU. Netz said Igloo funded Abstract for 18 months and lost tens of millions of dollars. Shiba Inu fell 7%, while Dogecoin fell 6%.