- Main event, leadership changes, market impact, financial shifts, or expert insights.
- ABCDE halts new investments, strategic pivot noticed.
- Continues support for existing investments, no significant price shifts.
Du Jun, co-founder of ABCDE, announced via social media that the firm has halted new investments and paused its second $400 million fundraising phase as of April 18-19, 2025.
ABCDE’s move indicates a strategic shift focusing on industrial synergy and long-term value over short-term market gains, with support continuing for existing projects.
The announcement highlighted a strategic transition from traditional investment approaches to a focus on deep incubation and longer-term industrial synergy. Du Jun stated dissatisfaction with short-term focus in the current primary market. The decision to halt was not due to financial constraints but reflects a strategic pivot. Du Jun assured that cornerstone LPs remain supportive and committed, highlighting dissatisfaction with quick exchange listings over long-term value.
“I am increasingly unable to agree with the current ecological atmosphere of the primary market… such work is a waste of time rather than creating value, and I don’t lack and don’t want to make this money.” — Du Jun, Co-founder of ABCDE and Founder of Huobi (HTX)
The direct impact of the investment halt on the market appears limited, with no immediate significant changes on major cryptocurrencies like ETH or BTC. The decision arrives during a quieter market phase, complementing the new strategic direction. Financial and market implications may arise over time, potentially affecting project liquidity and new venture launches. However, Du Jun’s focus on healthier investment embodies a trend towards sustainable growth.
Crypto industry history shows similar fund pauses during downturns typically precede market recalibrations. Existing Web3 projects backed by ABCDE, including Ethereum-based initiatives, will still receive post-investment support. The strategic shift aligns with some industry leaders advocating for sustainable ecosystem development rather than mere market speculation. As Charles Hoskinson, Founder of Cardano put it, “We need a more cooperative tokenomics and sustainable ecosystem development.”
