Web3
Standard Chartered Initiates ENA Coverage With $2 Target
The Defiant·September 30, 2026·1 min read
Standard Chartered initiated coverage on ENA with a $2 price target, forecasting a 7x gain by end-2028. The bank cites Ethena's buyback program, which activates when USDe supply reaches $7.5 billion. USDe currently sits at $4.9 billion, leaving room for the buyback to trigger.
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