Standard Chartered initiated coverage of Ethena's ENA token with a $2 price target for the end of 2028, suggesting a potential 700% increase from its current price near $0.25. The bank's valuation is based on Ethena's exposure to stablecoins, perpetual futures, and tokenized assets, especially the growth of its synthetic dollar USDe. Ethena's expansion into institutional credit, tokenized equities, and traditional credit assets supports this outlook. Additionally, recurring ENA buybacks linked to Ethena's revenue could enhance the token's value as these markets grow, with the bank expecting real-world assets on blockchains to rise significantly by 2028.
Ethena's ENA token trades at Rp4.630 on Pluang as of Sep 30, 2026, 17:02 WIB, showing a 2.05% increase in the last day. The token's market cap stands at Rp45.48 trillion, reflecting significant investor interest. Pluang data also reveals a balanced order activity with 53% selling and 47% buying, and a typical holding period of 44 days.
Standard Chartered initiated coverage of Ethena (ENA) with a price target of $2 by the end of 2028. The bank highlighted Ethena's buyback program and its significant role in perpetual contracts, tokenization, and stablecoins, noting it as the fourth-...
Standard Chartered has initiated coverage of Ethena's ENA token with a price target of $2 by the end of 2028, representing a potential increase of about 669% from its current price of $0.26. The bank highlights Ethena's rapid growth, noting its USDe ...
Standard Chartered's 2026 coverage of several altcoins has led to significant price gains, notably Uniswap (up 210%) and Aave (up 122%). The bank set ambitious long-term price targets for these tokens, reflecting confidence in decentralized finance g...
Ethena (ENA) token surged 6.48% within an hour to $0.2629, extending its 24-hour gain to 4.74%. This price increase occurred alongside $100,000 worth of short liquidations on Binance, Bybit, and OKX, while no long positions were liquidated. The sudde...
An address starting with 0x9a8 purchased about 7.96 million Ethena (ENA) tokens valued at roughly $1.99 million on September 30. This followed a previous purchase of 30 million ENA tokens for approximately $8.3 million three days earlier. In total, t...
