BEARISH Opens Ethereum Migration Claims With 7,749 Bears Locked in Snapshot
By Crypto Wire
October 20, 2026
BEARISH opened live Ethereum migration claims on Tuesday, October 20, 2026 at 16:00 UTC (noon ET / 9:00 a.m. PDT), moving the Abstract collection and BURR balances onto Ethereum after a public snapshot. The official claim portal at bearish.af/den/migrate now shows Merkle-checked tallies: 4,634 holders, 7,749 bears (4,757 hibernating), and 86,827,382 BURR, rooted at Abstract block 87916378 (October 20, 00:00 UTC / Monday 8:00 p.m. ET). This is the venue chapter that follows the desk’s earlier migration preview — not a new Abstract shutdown headline.
Marketplace rails flipped ahead of the claim window. Abstract OpenSea trading for the legacy collection was scheduled to stop late Monday, and WETH offers on that Abstract set were expected to turn off around the snapshot depending on OpenSea support. Holders now claim on Ethereum — same bear IDs, same BURR amounts — with no Abstract bridge fee. The portal’s published Merkle root is 0x799a86fe5309a993f9bcb6d3b9503ddb70b7f1b5f8eb37b7bfb6f21a0ddd7f2f, which BEARISH says matches the claim contract on Ethereum. Snapshot JSON and a builder script are linked from the claim page so anyone can recompute the root at that block.
How the claim works is deliberately short for collectors: connect the Abstract wallet that held bears, Customs, and BURR; pick an Ethereum destination; sign one free message; press Migrate. Gas is the only fee on Ethereum once the team’s sponsored budget runs out. Abstract Global Wallet and Safe users need to complete their message signatures by December 12. Hibernating bears stay hibernating through the move, and purchases after the snapshot do not carry over. Claims stay open through Tuesday, December 15 — Abstract’s last day — with the portal currently showing roughly 56 days left; unclaimed bears and BURR move to the team wallet for LP or burn after the deadline.
A second marketplace lane opens 30 minutes after claims: Bring a Bear, a 500-bear mint for Abstract XP Gold and above at 0.015 ETH each, first come, first served, from about 16:30 UTC Tuesday through 16:30 UTC Friday, October 23. Roughly 58,656 XP wallets qualify for one to three bears by tier, far more demand than the fixed 500 supply. Minted bears lock for 30 days, and the team advertises a day-90 price shield that can return the 0.015 ETH if the bear’s BURR-linked value sits below that mark while the buyer still holds it. Only claim and mint at the official bearish.af paths — the desk already flagged wallet-drain impersonation risk elsewhere on the NFT circuit this week.
Fee policy is the market-structure beat for this desk. BEARISH says royalties are on for bear sales and trading fees are on in the BURR pool; during the rebuild, 100% of NFT royalties, Uniswap v4 pool fees, Bring a Bear ETH, and Fur Keeps fees go back into the BURR/ETH pool with 0% to the team. Later, once the pool holds about 15%–20% of BURR’s total value, the split is supposed to move to 70% ETH rewards and 30% toward the project’s tokenization stack. Treat those later percentages as project roadmap language until the pool threshold is publicly hit.
This chapter sits inside the larger Igloo / Abstract shutdown clock. Abstract still faces a hard halt on December 15, 2026, with bridged value previously tracked near $76 million on DefiLlama and Pudgy / PENGU tape already reacting to the wind-down. BEARISH’s one-click exit is one collection’s venue migration off that L2 — collectors still need to reconcile Abstract listings, bridge exits, and any other Abstract-native inventory before the chain goes dark. Prior desk chapter: BEARISH opens one-click Ethereum migration as Abstract shutdown nears.
Venue watch: Confirm Ethereum claim fills against the published Merkle root and Abstract block 87916378, watch whether Bring a Bear’s 500 mints clear inside the 72-hour window, and track whether Abstract OpenSea residual listings for BEARISH stay dark while Ethereum trading ramps with royalties and BURR-pool fees on.
Bottom line: BEARISH opened Ethereum migration claims on October 20, 2026 after locking 7,749 bears and 86,827,382 BURR in a public Abstract snapshot — Bring a Bear’s 500-mint window follows 30 minutes later.
Disclaimer: This article is provided for informational and educational purposes only. It does not constitute financial, investment, legal, or trading advice. The cryptocurrency and NFT markets are highly volatile, and past performance is not indicative of future results. Readers should conduct their own research and consult qualified professionals before making any decisions related to digital assets. The cover image for this article may have been created using artificial intelligence (AI).
