Two Prime drops Ethereum, labeling it a memecoin amid waning institutional interest

Algorithmic trading firm Two Prime formally dropped its exposure to Ethereum ETH ETH - $3562.759 stating that ETH ETH - $3562.759 now trades as a memecoin rather than a predictable asset. According to CEO Alexander Blume, the firm will now exclusively manage and lend against Bitcoin BTC BTC - $117848.943

Source: cryptoslate.com

Related symbols: ETHUSD

2025-05-01 20:28:03 GMT.

Link to source Join our Telegram channel

Price & Market Data

Price: $3562.759

Volume 24h: $30,354,813,418.86

Market Cap: $430,068,054,810.97

Description

Ethereum (ETH) is a cryptocurrency . Ethereum has a current supply of 120,712,080.57256345. The last known price of Ethereum is 3,561.64437564 USD and is down -0.81 over the last 24 hours. It is currently trading on 10401 active market(s) with $30,247,162,950.64 traded over the last 24 hours. More information can be found at https://www.ethereum.org/.

Price & Market Data

Price: $117848.943

Volume 24h: $51,934,034,579.22

Market Cap: $2,344,553,099,050.28

Description

Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 19,894,540. The last known price of Bitcoin is 118,053.09553219 USD and is up 0.35 over the last 24 hours. It is currently trading on 12261 active market(s) with $51,832,905,699.90 traded over the last 24 hours. More information can be found at https://bitcoin.org/.