The market is extremely short-sighted! Du Jun: There are no visionary projects in sight, ABCDE Capital immediately stops investing in new projects.

Du Jun, founder of ABCDE Capital, announced today that ABCDE has officially stopped investing in new projects and suspended the fundraising plan of the second phase of the fund, explaining that he is increasingly unable to identify with the current ecological atmosphere of the primary market and hopes to invest in things that promote the progress of the industry. (Synopsis: Altcoin "big blood loss", VC in the exit period is the culprit? (Background added: Users neither want VC coins nor love Meme coins, what do users really want?) ABCDE Capital is a $400 million Web3 venture capital fund founded in 2022 by Huobi co-founder Du Jun and Chinese crypto OG BMAN, headquartered in Singapore, which has become one of the most influential funds in the crypto venture capital space with its deep industry experience and forward-looking investment strategy. However, when the cryptocurrency market continues to be weak recently, Du Jun tweeted today that ABCDE has officially stopped investing in new projects and suspended the fundraising plan of the second phase fund, and the original team will continue to be responsible for the post-investment support and exit arrangements of existing projects to ensure that the commitments to entrepreneurs and LPs can be seriously fulfilled. My personal focus will gradually shift from financial investment in the primary market to strategic investment-led, combined with in-depth incubation, and more focused on industrial synergy and long-term value creation. 最近陆续有朋友来问我关于 ABCDE 的情况,借这个机会做一个统一回复,也感谢everyone的关心。 ABCDE 目前已目前已(ABCDE): 活躍活躍最新最新新项目投资,并 discontinuation of the second phase of the fund's fundraising. 原团队仍将继续负责现有项目的投后支持和退出安排,确保对创业者和 LP 的承诺能够被认真履行。 ... — Du Jun (@DujunX) April 19, 2025 Du added that it has launched a new incubator brand, Vernal, and will announce incubator shareholders and incubation rules and the first phase of the incubation project in May. In May, the first issue of the buy list will also be released, explaining exactly how much and why: Over the past three years, ABCDE Phase I has invested nearly $40 million and supported more than 30 projects, more than half of which are led by us. In the current market environment, our IRR returns remain the world's leading level. In addition to capital support, ABCDE has also continued to invest in the open source ecosystem, accumulating hundreds of stars on GitHub to bring substantial contributions to the community. Du Jun: Can't agree with the ecological atmosphere of the primary market Du Jun then further tweeted to explain that ABCDE's suspension of investment in new projects and the second phase of fundraising is completely his personal desire to change his posture and rethink how to participate in the development of the industry: The team is great, there are no problems in fundraising, and the two cornerstone LPs are well-funded and willing to continue to support. It is not a question of funding or capacity, but of the choice of direction. Frankly speaking, I am increasingly unable to identify with the current ecological climate of the primary market: many projects are extremely short-sighted, thinking only about how to launch the exchange as soon as possible, and then often leaving a lot of chicken feathers. What is more worrying is that some first-level funds not only do not reflect on this, but hype their "upper projects" and short-term market value performance, but never mention the value creation of the projects themselves, let alone whether these projects survive healthily after the listing. It's not a game I want to be part of, and it's not why I founded ABCDE. For me, this kind of work is a waste of time, not value creation, and I don't lack or want to make this money. ABCDE 停止新项目投资和二期募资,完全是我个人想换一个姿势,重新思考如何参与行业的发展。 团队很棒,募资也没有任何问题,两位基石 LP 资金充足且愿意持续支持。 这不是资金或能力的问题,而是方向的选择。 ... — Du Jun (@DujunX) April 19, 2025 Du Jun said that in the future, he hopes to invest time and resources in things that really promote the progress of the industry, spend time, effort, and strategy, accompany the team with a sense of mission, and incubate enterprises that can truly bring long-term value to the industry and society: As a member of the industry, I believe we have a responsibility to push ecology back to rationality and health, rather than being caught up in short-term games. It is worth mentioning that under the circumstances of several months of downturn in the coin market, cooling of trading heat, and obvious contraction of funds, even old-school venture capital seems to be difficult to rationalize the pace of operation, and project parties and investors have begun to face the dual test of confidence and direction. Related Stories The Ultimate Guide to Web3 VC, Which VC Institution Will Make Money Playing with It? Where is the next flashpoint of Ethereum? Parsing Roadmaps, DevCon and Pectra Upgrades TBW Direct Strike" VC reveals hidden changes in the crypto market, is the super bull market a thing of the past? 〈The market is extremely short-sighted! Du Jun: If you can't see a visionary project, ABCDE Capital will immediately stop investing in new projects" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".