LD Capital's Yi Li Hua Exits Aster, Citing Missing Founder

Source: CryptoNewsNet Original Title: LD Capital’s Yi Li Hua Exits Aster, Citing Missing Founder Original Link: Founder of LD Capital Yi Li Hua confirmed that his firm has exited its position in Aster after taking a stop loss. He described the decision as regrettable and said the investment team was unable to locate or communicate with the project’s founder. Yi shared the update in a post on X at the start of January. His comments quickly drew attention across Chinese crypto circles, where Aster had previously been discussed as a potential exchange sector play. The remark about a “missing founder” became the focal point of the discussion, raising fresh concerns around transparency and leadership accountability in early stage crypto projects.

Concerns Over Governance and Accountability

According to Yi Li Hua, the lack of clear founder engagement made it difficult to justify maintaining exposure to Aster. While he did not provide further operational details, the statement suggested internal governance issues rather than purely market-driven losses.

For proof-of-work assets, I favor BTC/BCH; for public blockchains, ETH; for stablecoins, WLFI; for exchanges, BNB. I also look forward to supporting a new top-tier exchange team if one emerges.

Soon after the post circulated, Yi removed the original comment and later reposted a shorter version. The revised message focused less on Aster itself and more on his broader investment framework going forward. Market observers noted that the deletion did little to slow discussion. Instead, it amplified scrutiny around how investors assess project leadership, especially in sectors like exchanges where trust and execution are critical.

Investment Preferences Shared After Exit

Alongside the Aster update, Yi Li Hua outlined his current sector preferences. Within proof-of-work assets, he favors Bitcoin and Bitcoin Cash. For public blockchains, he continues to prefer Ethereum.

In the stablecoin segment, Yi pointed to WLFI as his top choice. For exchange-related exposure, he reiterated support for BNB. At the same time, he said he remains open to backing a new exchange project if a “某头部交易所级别团队” were to emerge. Yi added that if such a project appears, he would be willing to support it aggressively. The comment highlighted both his caution toward existing teams and his continued interest in the exchange sector.

Broader Context From Recent Portfolio Updates

On-chain data shared by market observers showed that Yi Li Hua’s broader portfolio has remained largely resilient despite the Aster loss. Most disclosed positions posted gains over the same period, with Aster being the only major underperformer. Earlier updates also showed active position management, including Ethereum accumulation during late December price weakness. That strategy later brought the ETH position back to break even, according to public wallet tracking data.

Taken together, the episode reflects a familiar pattern in crypto investing: strong returns in some areas can coexist with sharp losses in others, especially when governance risks surface unexpectedly. Yi Li Hua’s comments underline a broader message—in volatile markets, leadership clarity and execution matter as much as narratives. Currently, LD Capital appears to be moving on from Aster while keeping capital ready for the next credible opportunity.