🚨 Standard Chartered just put a $2 target on $ENA by end-2028.
#ENA is around $0.23
The thesis is simple:
→ USDe grows toward $40B → Up to 95% of net revenue goes toward ENA buybacks as supply milestones are hit → Buybacks increase as Ethena’s revenue scales
The crazy part? ENA was trading near $0.07 back in June.
Now the question:
Bank analysts or Crypto Twitter — who gets $ENA right this time? 👀
#ENA is around $0.23
The thesis is simple:
→ USDe grows toward $40B → Up to 95% of net revenue goes toward ENA buybacks as supply milestones are hit → Buybacks increase as Ethena’s revenue scales
The crazy part? ENA was trading near $0.07 back in June.
Now the question:
Bank analysts or Crypto Twitter — who gets $ENA right this time? 👀
