Abstract Chain is dead. They're out.
This was supposed to be the Pudgy Penguins meme chain play. The NFT-to-chain narrative everyone was hyping.
Now? Gone. Another L2 that couldn't find product-market fit. Another team that realized launching a chain in 2025 without real distribution or killer apps is a death sentence.
The Pudgy brand couldn't save it. Cute penguins don't fix tokenomics or liquidity.
If you were farming Abstract or holding bags, RIP. This is what happens when the only GTM strategy is "we have a cute mascot."
Lesson: Meme narratives don't build chains. Liquidity and users do.
This was supposed to be the Pudgy Penguins meme chain play. The NFT-to-chain narrative everyone was hyping.
Now? Gone. Another L2 that couldn't find product-market fit. Another team that realized launching a chain in 2025 without real distribution or killer apps is a death sentence.
The Pudgy brand couldn't save it. Cute penguins don't fix tokenomics or liquidity.
If you were farming Abstract or holding bags, RIP. This is what happens when the only GTM strategy is "we have a cute mascot."
Lesson: Meme narratives don't build chains. Liquidity and users do.