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8 sourcesTracking since 30 Sept, 09:37

Standard Chartered sets $2 target for Ethena’s ENA token by 2028

In brief

The latest analysis links Standard Chartered’s $2 ENA target to USDe reaching $40 billion and buybacks scaling with protocol revenue by 2028. The bank initiated coverage of Ethena’s token and forecasts roughly sevenfold growth from its current market price. Earlier details said buybacks would begin once USDe supply reaches $7.5 billion, compared with $4.9 billion at the time.

Generated automatically by AI from 8 sources, without editorial review · updated 1 Oct

What changed

  1. 30 Sept, 09:37Standard Chartered initiates Ethena coverage, sees ENA at $2 by 2028 · CryptoBriefing
  2. 30 Sept, 12:00Standard Chartered sees over 600% upside for ENA, expects USDe to hit $40 billion by 2028 · The Block
  3. 1 Oct, 10:37The Ethena Crypto Buyback Math Puts the $2 ENA Target to the Test · CryptoNews
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How outlets framed it

Standard Chartered6 sources
17% favorable (1)83% neutral (5)0% critical (0)

favorable: TheNewsCrypto.

Show how each outlet framed it

One source, one vote (its latest article in the story). Only labels with confidence ≥ 0.6 are shown; the quote is the evidence.

Chronological coverage

  1. 1 October
  2. CryptoNews
    Latest1 Oct, 10:37

    The Ethena Crypto Buyback Math Puts the $2 ENA Target to the Test

    Standard Chartered’s ENA price target of $2 depends on USDe reaching $40 billion and buybacks scaling with protocol revenue by 2028.

    CryptoNewsCryptoNews•Cryptonews
  3. 30 September
  4. CryptoSlate
    Follow-up30 Sept, 21:30

    Standard Chartered says Ethena’s ENA could crush Bitcoin and Ethereum returns by 2028

    Ethena highlighted Standard Chartered research as current USDe supply remains below the first milestone for revenue-funded token purchases.

    CryptoSlateCryptoSlate•Oluwapelumi Adejumo
  5. Cointelegraph
    Follow-up30 Sept, 20:57

    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.

    CointelegraphCointelegraph•Cointelegraph by Nate Kostar
  6. The Defiant
    Follow-up30 Sept, 17:30

    Standard Chartered Initiates ENA Coverage With $2 Target

    Standard Chartered forecasts a 7x gain by end-2028 on the strength of Ethena's buyback program. The buyback switches on when USDe supply reaches $7.5 billion; USDe sits at $4.9 billion.

    The DefiantThe Defiant•The Defiant Team
  7. TheNewsCrypto
    Follow-up30 Sept, 13:36

    Standard Chartered Sets $2 Target for Ethena’s ENA After September Rally

    The leading global bank, Standard Chartered has made a first research coverage of Ethena’s ENA token and set a $2 price target for the end of 2028, putting the bank’s forecast at roughly seven times ENA’s current market price.

    favorable toward Standard Chartered
    TheNewsCryptoTheNewsCrypto•Sarala
  8. The Block
    Follow-up30 Sept, 12:00

    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.

    The BlockThe Block•Brian Danga
  9. Crypto.news
    Follow-up30 Sept, 09:40

    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.

    Crypto.newsCrypto.news•Rony Roy
  10. CryptoBriefing
    First seen30 Sept, 09:37

    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.

    CryptoBriefingCryptoBriefing•Vivian Nguyen