‘ETH to $10,000’ Plan Presented by Tron Founder Justin Sun
Yuri Molchan Tron creator has shared a hypothetical plan on how to push ETH to a five-digit price level Justin Sun's "ETH to $10,000" plan: steps to successFinal moves to $10,000 Cover image via U.TodayDisclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Justin Sun, who founded Tron blockchain, has taken to social media to reveal how he would push the second most popular cryptocurrency Ethereum up to make it reach $10,000 if he were in charge.Curiously, he expects a 35.9% price surge to happen within the first week already.Justin Sun's "ETH to $10,000" plan: steps to successSun tweeted that if the Ethereum Foundation (EF) and Ethereum were under his leadership, he would execute the following “ETH to $10,000” plan with his team.Step one. During the first week, he would “halt ETH sales and optimize revenue.” The EF, he said, would stop selling ETH for at least three years. As for the operational costs, those would be covered by means of “AAVE lending, staking yields, and stablecoin borrowing.” This would make sure that the ETH supply remained untouched and intact, which would certainly align with the goals of making ETH deflationary and of reinforcing market confidence in the coin.If EF and Ethereum Were Under My Leadership“#ETH to $10,000”My First Week Plan1. Halt ETH Sales immediately and Optimize RevenueEF will immediately cease selling ETH for at least three years. Operational costs will be covered through AAVE lending, staking yields, and…— H.E. Justin Sun 🍌 (@justinsuntron) January 22, 2025 Step two. The next step Sun would take to achieve his goal would be taxing all layer-2 solutions in order for Ethereum to generate a minimum of $5 billion per year in taxes. With those proceeds, Ethereum Foundation would repurchase ETH and burn it in decentralized ways. Sun particularly stressed the importance of this step.Step three. Justin Sun’s third action would involve the EF itself. He wrote that he would perform a “drastic downsizing” of the EF staff to retain only “only the most capable team members.” As for the rest of the team, their salaries would be raised substantially and thus the Foundation would be converted into “purely merit-based system that rewards performance and results.” Related Final moves to $10,000Step four. As the final step in this plan, Justin Sun said he would reduce node rewards and concentrate fully on fee-burning mechanisms. Thus, he would make certain that Ethereum would remain deflationary and would strengthen its position as a store of value.Step five. The final steps includes an exclusive focus on layer 1 to help Ethereum reach $10,000. Sun specified that in this case he would redirect all resources towards the development of ETH core layer 1, “prioritizing scalability, security, and adoption.” In this case, he said, Ethereum would soar to $4,500 within the first week and then eventually would hit $10,000 per coin. Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. About the author Yuri Molchan Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc. Related articles