Standard Chartered initiated coverage on Ethena, assigning a $2 price target for its ENA token by the end of 2028, implying a potential 669% increase from current levels near $0.26. The bank projects the USDe stablecoin supply to grow from $4.9 billion to $40 billion, driven by Ethena's expanding role in stablecoins, tokenization, and derivatives markets. Ethena's fee mechanism directs 95% of net revenues to repurchase ENA tokens, supporting price appreciation. Risks include slower adoption of yield-bearing stablecoins and real-world asset blockchain migration, but recent price gains and market trends show strong momentum.
Ethena's ENA token is currently trading at Rp4.792 on Pluang, showing a strong 1-day gain of 9.63% as of Oct 01, 2026 14:22 WIB. The market cap stands at Rp50,07 trillion with a high buy interest of 77% among Pluang users, reflecting active investor engagement.
Ethena (ENA) experienced a sharp 4.08% price decline within one hour on September 30, falling from $0.2771 to $0.2658 by 11:03 a.m. ET. This short-term drop occurred even though ENA had gained 4.48% over the previous 24 hours, showing volatility in i...
Ethena (ENA) token surged 4.67% within an hour to $0.2668 on September 30, extending its 24-hour gain to nearly 5%. The price increase was recorded on Binance's ENA/USDT spot market, with the token rising from $0.2549 to $0.2668. During the same hour...
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 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 ...
