Question 1

When does Pingu Exchange shut down?

Accepted Answer

Pingu Exchange switches to reduce-only mode on June 3, 2026 at 1 PM UTC, meaning no new positions can be opened. All remaining positions will be liquidated and the platform goes offline permanently on July 31, 2026.

Question 2

What happens to 0xPPL users' funds?

Accepted Answer

0xPPL disables trading on June 6 and fully shuts down on June 30, 2026. The team has urged users to export their private keys or withdraw all funds to external wallets before the app closes.

Question 3

Will Pingu token holders receive any refund?

Accepted Answer

The Pingu team will distribute the remaining 64.46 ETH in its treasury to users who purchased and continued to hold the PINGU token on Arbitrum in 2024, deposited as concentrated liquidity in the PINGU/ETH pool. The treasury's 57% token supply will not claim any ETH, giving remaining holders a better exit price.

PINGU

Pingu Exchange, 0xPPL shut down as crypto winter claims more projects

One sharp brief.
Every day.

PINGU

Pingu Exchange, 0xPPL shut down as crypto winter claims more projects

One sharp brief.Every day.

One sharp brief.
Every day.