ENA Token Down 93% From Peak as Analyst Eyes $3 Target Despite Heavy Drawdown

TLDR: ENA trades at $0.130, representing a 67% discount compared to the $0.40 private sale price paid by VCs.  Ethena’s USDe stablecoin reached $5.8 billion market cap, becoming the third-largest stablecoin globally.  Analyst CryptoPatel projects targets of $0.50, $1.26, and bonus $3+ if support zones between $0.06-$0.08 hold.  Protocol faces risks from heavy token unlocks [...]

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