两次素数以太坊超过了纪念行为

SEC批准的投资顾问Two prime称其在一系列负面基本原理和链上指标之后以太坊退出。

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.

投资顾问两个主要是在其类似模因的行为和巨大的价格性能的情况下抛弃以太坊。由SEC批准的公司在进行以太坊后进行验尸时将对比特币（BTC）加倍。

Two Prime Drops Ethereum Over Memecoin Behaviour

两次素数以太坊超过了纪念行为

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批准的投资顾问Two prime称其在一系列负面基本原理和链上指标之后以太坊退出。根据公司的声明，衍生品公司将把注意力集中在比特币上，在六年后与以太坊保持联系。

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.

该公司经营两项主要贷款，成为ETH和BTC支持贷款的第二大贷方。鉴于它们对机构行动的深厚流动性，而不是涉足其他加密货币支持的贷款，而是涉及BTC和ETH的两个主要贷款。

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适度的成功之后，两个Prime表示，它正在搬家专注于BTC贷款。新闻稿放出了公司决定抛弃比特币的决定背后的原因。

“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.”

该声明说：“ ETH的统计交易行为，价值主张和社区文化已经超出了值得参与的观点。” “在这一点上，BTC可用作为替代方案，这是不合理的。”

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.

两个Prime说，ETH的行为就像是成人，而不是可预测的资产。该报告指出，ETH在2025年第1季度比特币的脱离相关性后显示了“多标准偏差动作”。鉴于2025年ETH的价格低落的价格性能，以太坊与比甲币的比率使其五年低点下降。

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

公司决定抛弃ETH背后的一系列原因

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.

除了其模因行为外，有两个主要指出，以太坊价格在低迷后没有闪烁任何反弹的信号。该公司指出，投资者没有购买蘸酱，表明最大的山寨币缺乏冷漠。

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.

两个主要指出，比特币ETF流入超过了ETH近24倍，这表明机构利益的下降。此外，该公司指出了一个伪劣的业务模型，该模型允许以太坊第2层抢购其货币化的一部分。

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.

来自Solana和其他新兴区块链的竞争不断上升，这占据了以太坊市场份额的很大一部分。两个主要的主张认为，以太坊具有强大的领导能力，并且是其早期成功的受害者，但没有随着时代的改变而改变。一位专家警告说，如果以太坊在未来五年内不扩大100倍，则处于危险之中。

“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.

该声明说：“现有资产的规模和全球采用的剩余上涨空间使BTC的风险加权投资比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.

自宣布以来，Two Prime决定卸载其ETH持有量的决定使价格下跌了近2％。以前，Galaxy Digital已将其ETH持有量的一部分卸载以积累SOL，从而对价格绩效产生不利影响。