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As long as it's covered in buttercream your cake will not dry out in a day or overnight. I will say this, I once did a cake for my niece that for reasons out of my control we ended up not eating until 3 days later so it was in the fridge all that time...not the freezer. It was definitely showing signs of dryness. Should have wrapped it and put it in the freezer for that long and it would have been fine.
I've done it before with no problem. I always deliver a cold cake to so that it will slowly come to room temp if it's going to be out several hours before cutting. The figures may get a little sticky after being in the fridge, but they eventually dry...but even if they don't, they shouldn't melt.