PENGU from Pudgy Penguins skyrocketed last week, surpassing 35%. This was due to the Coinbase X avatar change and the SEC's recognition of the filing for a PENGU ETF by Canary Capital.
Beyond its market performance, the NFT brand is also making significant business moves. Its consumer-focused Layer 2 network, Abstract Chain — the second major venture from its parent company Igloo, alongside Pudgy Penguins — is gearing up to raise a new funding round.
