Ethena Will Fail to Hit $0.60 Despite Buyback Promise

Ethena will not reach $0.60 before December 31, 2026. The upside will stall because ENA was trading around $0.25 to $0.28 at the time of Standard Chartered’s coverage and the bank projected only $0.42 by year end on October 7, 2026. The October 5 unlock of roughly 1.4 billion ENA will still weigh o…