Ethena（ENA）在加密市场上展示了弹性，藏有1亿美元来推出新的iusde代币

E在更广泛的加密货币市场上展示了出色的弹性，大多数山寨币在过去24小时内的8-20％范围内的损失在8 - 20％的范围内。

Amidst a broader crypto market sell-off, with most altcoins logging losses in the 8 – 20% range over the last 24 hours, Ethena’s price has shown surprising resilience.

在更广泛的加密市场抛售中，在过去24小时内，大多数Altcoins记录损失在8 - 20％的范围内，Ethena的价格表现出令人惊讶的弹性。

At the time of writing, Ethena (ENA) price has declined by just 3% over the daily timeframe, despite the broader market bloodbath, as trading volume has surged by 108%. A key factor behind this resilience could be the project’s recent successful fundraising effort, which reportedly secured $100 million for the launch of iUSDe, Ethena’s new institutional-focused dollar-pegged token. This fundraising round was completed in December, but had not been previously disclosed, according to Bloomberg. It saw participation from several major investors, including Franklin Templeton, F-Prime Capital, Dragonfly Capital Partners, Polychain Capital LP, and Pantera Capital Management LP.

在撰写本文时，尽管市场流血更广泛，但每日时间范围内的Ethena（ENA）价格仅下降了3％，因为交易量增长了108％。这种韧性背后的关键因素可能是该项目最近成功的筹款活动，据报道，该项目为埃塞纳（Ethena）新的以机构为重点的美元固定的代币（Ethena）的发射获得了1亿美元。据彭博社报道，这一筹款回合于12月完成，但以前没有被披露。它看到了来自富兰克林·邓普顿（Franklin Templeton），F-Prime Capital，Dragonfly Capital Partners，Polychain Capital LP和Pantera Capital Management LP等几位主要投资者的参与。

The new token, iUSDe, is a regulated version of Ethena’s existing synthetic dollar, designed specifically for traditional financial institutions looking to gain exposure to crypto without directly investing in digital assets, according to a January blog post by Guy Young, founder of Ethena Labs.

Ethena Labs的创始人Guy Young撰写的一篇1月的博客文章显示，新的代币IUSDE是Ethena现有合成美元的受监管版本，专为希望获得加密货币的传统金融机构而设计，而无需直接投资数字资产。

Furthermore, the company is planning to use a portion of the proceeds from the token sale to fund the development of its own blockchain, a source familiar with the matter told Bloomberg.

此外，熟悉此事的消息人士告诉彭博社，该公司正计划利用代币销售中的一部分收益来资助自己的区块链的发展。

Another factor that could be contributing to ENA’s price resilience is the strong demand for Ethena’s existing stablecoin, Ethena (USDe). With a market capitalization of nearly $6 billion, USDe has become one of the leading synthetic dollars in the crypto ecosystem, thanks to its ability to generate high yields through basis trade strategies, even in volatile markets. While USDe yields once peaked at 60%, they have since stabilized at around 9%, which is still a strong yield compared to traditional financial instruments.

可能促成ENA价格弹性的另一个因素是对埃塞纳现有的稳定股（Ethena）（USDE）的强烈需求。随着市值近60亿美元的成本，USDE已成为加密生态系统中的主要合成美元之一，这要归功于它通过基础贸易策略（即使在动荡的市场中）通过基础贸易策略产生高收益的能力。尽管USDE的收益率曾经达到60％，但此后它们的稳定在9％左右，与传统的金融工具相比，这仍然是很强的收益率。

From a technical perspective, trader AlejandroBTC is bullish on ENA’s price trajectory, noting that the asset is currently within a familiar accumulation zone, which previously preceded a 300% rally to $1.25 in December 2024 after consolidating between August and November. If history repeats itself, we could see another الكبير rally from ENA.

从技术的角度来看，交易者亚历杭德罗布（Alejandrobtc）对ENA的价格轨迹看涨，并指出该资产目前在熟悉的累积区域内，此前在8月和11月之间合并后，该资产在2024年12月之前的300％集会至1.25美元之前。如果历史重演，我们可以看到ENA中的另一个ZIEككSTRALLE。

$ENA a good buy in this area for accumulation, better to stack and forget it imo. pic.twitter.com/n5OvlhA2Yj

$ ena在这方面的积累中是一个好购买，最好堆叠并忘记IMO。 pic.twitter.com/n5ovlha2yj

However, it’s important to note that Ethena’s long-term sustainability is up for debate, considering that it generates yield using the basis trade strategy, which exploits the price difference between the spot and futures markets. As such, its performance is largely dependent on market conditions. In a bull market with high funding rates, this strategy can produce astronomical yields, driving up demand for Ethena’s assets, like ENA. But in a bear market with lower funding rates, this strategy will be put to the test.

但是，重要的是要注意，埃塞纳（Ethena）的长期可持续性是辩论的，因为它使用基础贸易策略产生了收益率，这利用了现货和期货市场之间的价格差异。因此，其性能在很大程度上取决于市场条件。在具有高资金率的牛市中，该策略可以产生天文收益率，从而提高对Ethena资产的需求，例如ENA。但是，在贷款率较低的熊市中，该策略将进行测试。