兩次素數以太坊超過了紀念行為

SEC批准的投資顧問Two prime稱其在一系列負面基本原理和鏈上指標之後以太坊退出。

Investment advisor Two Prime is ditching Ethereum over its memecoin-like behaviour and underwhelming price performance. The SEC-approved firm will double down on Bitcoin (BTC) while conducting a post-mortem on Ethereum.

投資顧問兩個主要是在其類似模因的行為和巨大的價格性能的情況下拋棄以太坊。由SEC批准的公司在進行以太坊後進行驗屍時將對比特幣（BTC）加倍。

Two Prime Drops Ethereum Over Memecoin Behaviour

兩次素數以太坊超過了紀念行為

SEC-approved investment advisor Two Prime has called it quits with Ethereum following a raft of negative fundamentals and on-chain metrics. According to a company statement, the derivatives firm will focus its attention on Bitcoin, cutting ties with Ethereum after six years.

SEC批准的投資顧問Two prime稱其在一系列負面基本原理和鏈上指標之後以太坊退出。根據公司的聲明，衍生品公司將把注意力集中在比特幣上，在六年後與以太坊保持聯繫。

The firm operated Two Prime Lending, rising to become the second-largest lender for ETH and BTC-backed loans. Rather than dabble in other cryptocurrency-backed loans, Two Prime stuck with BTC and ETH, given their deep liquidity for institutional action.

該公司經營兩項主要貸款，成為ETH和BTC支持貸款的第二大貸方。鑑於它們對機構行動的深厚流動性，而不是涉足其他加密貨幣支持的貸款，而是涉及BTC和ETH的兩個主要貸款。

After enjoying modest success with Ethereum for six years, Two Prime says it is moving away to focus on BTC lending. The press release reeled out a laundry list of reasons behind the company’s decision to ditch Ethereum for Bitcoin.

在以太坊在以太坊享有適度的成功之後，兩個Prime表示，它正在搬家專注於BTC貸款。新聞稿放出了公司決定拋棄比特幣的決定背後的原因。

“ETH’s statistical trading behaviour, value proposition, and community culture have failed beyond a point that is worth engaging,” read the statement. “The risk-reward is simply unjustifiable at this point with BTC available as an alternative.”

該聲明說：“ ETH的統計交易行為，價值主張和社區文化已經超出了值得參與的觀點。” “在這一點上，BTC可用作為替代方案，這是不合理的。”

Right out of the bat, Two Prime says ETH behaves like a memecoin rather than a predictable asset. The report notes that ETH displayed “multi-standard deviation moves” following a de-correlation from Bitcoin in Q1 2025. The Ethereum-to-Bitcoin ratio has sunk to its five-year low given ETH’s underwhelming price performance in 2025.

兩個Prime說，ETH的行為就像是成人，而不是可預測的資產。該報告指出，ETH在2025年第1季度比特幣的脫離相關性後顯示了“多標準偏差動作”。鑑於2025年ETH的價格低落的價格性能，以太坊與比甲幣的比率使其五年低點下降。

A Raft Of Reasons Behind The Company’s Decision To Ditch ETH

公司決定拋棄ETH的背後的一系列原因

Apart from its memecoin behaviour, Two Prime notes that the Ethereum price has not flashed any signals of a rebound after the slump. The firm notes that investors are not buying the dip, demonstrating a lack of apathy for the largest altcoin.

除了其模因行為外，有兩個主要指出，以太坊價格在低迷後沒有閃爍任何反彈的信號。該公司指出，投資者沒有購買蘸醬，表明最大的山寨幣缺乏冷漠。

Two Prime notes that Bitcoin ETF inflows have surpassed ETH by nearly 24 times, signaling a decline in institutional interest. Furthermore, the firm points to a shoddy business model that allows Ethereum layer 2s to snag a chunk of its monetization.

兩個主要指出，比特幣ETF流入超過了ETH近24倍，這表明機構利益的下降。此外，該公司指出了一個偽劣的業務模型，該模型允許以太坊第2層搶購其貨幣化的一部分。

Rising competition from Solana and other emerging blockchains is taking a large chunk of Ethereum’s market share. Two Prime argues that Ethereum suffers from strong leadership and is a victim of its early success, but has failed to change with the times. An expert has warned that Ethereum is in danger if it does not scale by 100X in the next five years.

來自Solana和其他新興區塊鏈的競爭不斷上升，這佔據了以太坊市場份額的很大一部分。兩個主要的主張認為，以太坊具有強大的領導能力，並且是其早期成功的受害者，但沒有隨著時代的改變而改變。一位專家警告說，如果以太坊在未來五年內不擴大100倍，則處於危險之中。

“The existing scale of the asset and the remaining upside of global adoption make BTC a far better risk-weighted investment than ETH,” read the statement.

該聲明說：“現有資產的規模和全球採用的剩餘上漲空間使BTC的風險加權投資比ETH更好得多。”

Two Prime’s decision to offload its ETH holding has seen prices tumble by nearly 2% since the announcement. Previously, Galaxy Digital has offloaded a portion of its ETH holdings to accumulate SOL, adversely affecting price performance.

自宣布以來，Two Prime決定卸載其ETH持有量的決定使價格下跌了近2％。以前，Galaxy Digital已將其ETH持有量的一部分卸載以積累SOL，從而對價格績效產生不利影響。