Standard Chartered sets first formal ENA price targets, sees $1.10 by 2027
- —ENA targets: $0.42 by end-2026, $1.10 by end-2027, $2.00 by end-2028
- —From a reference price near $0.28, the final target implies roughly 7x upside
- —USDe supply stands near $4.9 billion, down from a peak above $10 billion
- —Buybacks kick in above $7.5 billion in USDe supply, directing 95% of net revenue to ENA
Why it matters: A major bank attaching hard numbers to a mid-cap token gives traders a clear checklist: USDe supply crossing $7.5 billion and the October 5 unlock of 1.4 billion ENA.
Source: Crypto Briefing