Justin Sun has revealed a plan that could reshape Ethereum\u2019s ecosystem and push the price of its native cryptocurrency to $10,000.<\/p>\n
The Tron founder outlined how, if in charge, he would manage the Ethereum Foundation (EF) and the Ethereum network.<\/p>\n
According to a January 22 post<\/a> on X, the plan begins with an immediate halt to ETH sales, with Sun suggesting that the EF stop selling the token for at least three years.<\/p>\n Instead, the foundation would fund its operations using AAVE lending, staking yields, and stablecoin borrowing. By preserving ETH\u2019s supply, he believes it can maintain its deflationary trajectory and build market confidence.<\/p>\n The Liberland Prime Minister also proposed imposing higher taxes on Ethereum Layer 2 projects, a move he believes can generate $5 billion annually. According to him, the collected funds would then be used to repurchase ETH and burn it in a decentralized manner, further reducing supply and increasing value.<\/p>\n Sun also suggested downsizing staff at the EF to retain only the most capable individuals and rewarding them with significant salary increases. He believes this merit-based approach would boost efficiency and align the organization\u2019s efforts with tangible results.<\/p>\n To reinforce Ethereum\u2019s deflationary model, the executive proposed cutting node rewards and prioritizing fee-burning mechanisms. He claimed these adjustments would help cement the network\u2019s reputation as a store of value.<\/p>\n Finally, the 34-year-old stressed the need to focus all resources on Layer 1 development. He argued that Ethereum could see significant growth by prioritizing scalability, security, and adoption at this foundational level. He concluded by asserting:<\/p>\n \u201cWith these decisive actions, ETH is poised to break $4,500 within the first week, setting the foundation for long-term success.\u201d<\/p>\n The proposal comes amid heightened scrutiny of the EF\u2019s leadership and operations. Aya Miyaguchi, executive director since 2018, has faced<\/a> backlash from community members who accuse her of inefficiency. Many are now calling for developer Danny Ryan to take on a more prominent leadership role.<\/p>\n In response, Ethereum co-founder Vitalik Buterin announced on January 18 that leadership changes are underway. These adjustments aim to support decentralized app developers and promote a more distributed ecosystem.<\/p>\n The non-profit has also gotten criticism for selling <\/a>ETH to cover expenses, prompting calls for alternative funding methods. Meanwhile, the token has struggled during the current bull market, lagging behind other leading altcoins and frustrating holders.<\/p>\n A Santiment report linked<\/a> the underperformance to community reproach of Buterin for selling large amounts of ETH, which some see as a lack of confidence in its future.<\/p>\n Despite this, Santiment noted that the current wave of negativity could signal a turning point. Markets often move against prevailing sentiment, and the analysis suggested that ETH might finally break past the $4,000 mark if frustrated retail traders sell their holdings to long-term investors.<\/p>\n The post Justin Sun Suggests Strategy to Push Ethereum\u2019s Price to $10K<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Justin Sun has revealed a plan that could reshape Ethereum\u2019s ecosystem and push the price of its native cryptocurrency to $10,000. The Tron founder outlined how, if in charge, he would manage the Ethereum Foundation (EF) and the Ethereum network. Details From the Plan According to a January 22 post on X, the plan begins […]<\/p>\n","protected":false},"author":0,"featured_media":38371,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-38370","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/38370"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38370"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/38370\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/38371"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Leadership Scrutiny and Community Concerns<\/h2>\n