Co-founder Du Jun has announced the halting of ABCDE's new investments and a re-evaluation of the company’s strategic approach amid current crypto industry dynamics.
ABCDE's Investment Pause
Du Jun announced that ABCDE has suspended new project investments and fundraising. This decision is not due to financial difficulties but a desire to rethink its role in the evolution of the industry. He expressed dissatisfaction with the prevailing market environment that favors short-term gains over long-term value.
Critique of Short-term Industry Strategies
Du Jun criticized the trend among some funds to focus solely on quick exchange listings, which results in unsustainable projects. Despite having ample funds, ABCDE's halt is a strategic move aimed at promoting more rational industry initiatives and supporting those that provide sustainable value.
Market Analysis and Relevant Data
Bitcoin (BTC) is currently priced at $84,987.40 with a market cap of $1.69 trillion, reflecting a 0.59% gain over the last 24 hours, according to CoinMarketCap data. Coincu's analysis suggests that the strategic halt could prompt a reevaluation of investment philosophies within the crypto space, potentially fostering a shift towards projects with enduring value.
ABCDE's decision to halt new investments highlights the growing concern over short-term strategies that may threaten the long-term health of the industry.
