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 - $2553.237 stating that ETH ETH - $2553.237 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 - $108858.837

Source: cryptoslate.com

Related symbols: ETHUSD

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

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Price & Market Data

Price: $2553.237

Volume 24h: $15,913,950,090.00

Market Cap: $308,242,143,754.76

Description

Ethereum (ETH) is a cryptocurrency . Ethereum has a current supply of 120,726,039.78961202. The last known price of Ethereum is 2,552.24356836 USD and is down -0.84 over the last 24 hours. It is currently trading on 10306 active market(s) with $16,778,282,371.80 traded over the last 24 hours. More information can be found at https://www.ethereum.org/.

Price & Market Data

Price: $108858.837

Volume 24h: $53,221,177,258.74

Market Cap: $2,162,938,661,238.94

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 19,869,206. The last known price of Bitcoin is 108,669.86183883 USD and is down -0.50 over the last 24 hours. It is currently trading on 12185 active market(s) with $56,191,392,493.99 traded over the last 24 hours. More information can be found at https://bitcoin.org/.