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 stablecoin reached a $10 billion market cap within nine months. Ethena benefits from rising demand for yield-bearing stablecoins and the expansion of tokenized assets in both decentralized and traditional finance. The bank also points to Ethena's buyback-and-burn program and forecasts the USDe supply could grow to $40 billion by 2028, though risks include slower adoption and weaker growth in real-world assets.
Ethena's ENA token is trading at Rp4.673 with a 3.73% gain on Pluang as of Sep 30, 2026, 16:41 WIB. The token's market cap stands at Rp45.48 trillion, supported by a circulating supply of 10.1 billion ENA. This trading activity highlights ongoing investor interest amid Standard Chartered's recent coverage and price target announcement.
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 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, perpetu...
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...
