ENA
Standard Chartered Sets Bold $2 Target for Ethena (ENA) — A 669% Surge Ahead?
In a notable move, Standard Chartered has launched research coverage on Ethena, establishing a $2 valuation target for the ENA token through the conclusion of 2028. The projection from analyst Geoff Kendrick rests on the platform's expanding influence across stablecoins, tokenization infrastructure, and perpetual derivatives markets.
Standard Chartered sees Ethena's USDe reaching $40B, ENA hitting $2
The bank also expects Ethena's ENA token to rise roughly sevenfold to $2 by the end of 2028 as USDe scales and token buybacks increase.
Standard Chartered Initiates Ethena Coverage, Forecasts $2 ENA by 2028
Standard Chartered initiated coverage of Ethena with a price target of $2 for ENA by end of 2028, implying an upside of 669%. The bank projects USDe supply will grow more than eightfold, from the current $4.9 billion to approximately $40 billion by 2028.
Ethena Falls 4.1% in One Hour to $0.2658, With $470,000 Liquidated
ENA gained 4.48% over 24 hours despite the latest hourly decline. The price was measured on Binance spot at 11:03 a.m.
Ethena Token Rises 4.67% in One Hour to Reach $0.2668
ENA gained 4.96% over 24 hours. Short liquidations reached $70,000 across three exchanges during the same hour.
Standard Chartered sees over 600% upside for ENA, expects USDe to hit $40 billion by 2028
Standard Chartered forecasts ENA will reach $2 by the end of 2028 as USDe scales eightfold and buybacks reshape the token's value.
Can Ethena price reach $2 by 2028?
Standard Chartered has initiated coverage of Ethena's ENA token with a $2 price target for the end of 2028, putting the bank's first published valuation at roughly eight times the token's current market price.
Standard Chartered initiates Ethena coverage, sees ENA at $2 by 2028
Ethena's growth in tokenized assets and stablecoins could significantly impact DeFi and traditional finance by 2028, despite potential risks. Standard Chartered initiates Ethena coverage, sees ENA at $2 by 2028.
Ethena Jumps 6.48% in One Hour as ENA Reaches $0.2629
Ethena rose from $0.2469 to $0.2629 in one hour and gained 4.74% over 24 hours as of 5:13 a.m. ET Wednesday.
Large Crypto Wallet Buys $10.3 Million of ENA in Three Days
The wallet purchased 30 million ENA for $8.3 million three days earlier, then added 7.96 million tokens for $1.99 million on Sept. 30.
Ethena Whale Adds 7.96 Million Tokens After $8.3 Million Purchase
An address beginning with `0x9a8` bought the tokens for about $1.99 million after purchasing 30 million ENA three days earlier.
New Address Builds $4.91 Million ENA Position With 18.84 Million Tokens
The address holds 18.84 million ENA. A price of $0.2607 was cited for the position, while ENA rose 56% over the past month.
