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Justin Sun, the founder of the Tron network, has revealed an ambitious strategy to transform the ethereum ecosystem and raise its price to $10,000.
On January 22 <a target="_blank" href="https://x.com/justinsuntron/status/1881999625990836229?s=46″>mail In x, Sun detailed how changes in supply management, operational strategy and tax policies could reshape the trajectory of the second-largest digital asset by market cap.
The proposal of the sun.
Sun's main proposal involves halting regular eth sales from the ethereum Foundation for at least three years. Instead of relying on asset liquidation for operational funding, he suggested tapping into revenue streams such as staking returns, decentralized lending platforms, and loans backed by stablecoins.
Sun said this approach would support deflationary conditions and boost investor confidence.
Another key aspect of their plan includes imposing substantial taxes on layer 2 platforms. Sun estimates that this approach could generate $5 billion annually to fund eth burn and buyback initiatives.
He wrote:
“All taxes collected will be used to buy back eth and burn it in a fully decentralized way, period.”
Operationally, Sun proposed streamlining the ethereum Foundation by reducing its workforce and retaining only the best talent. He believes this move will improve efficiency and focus resources on ethereum's core Layer 1 development, prioritizing scalability, security, and adoption.
Additionally, Sun plans to overhaul ethereum's reward system. He proposed reducing node rewards and increasing fee burn to ensure the network remains deflationary while bolstering long-term value.
Sun expressed confidence that these changes could take the price of ethereum to $4,500 in the short term and $10,000 over time.
He concluded:
“With these decisive actions, eth is poised to surpass $4,500 in the first week, setting the stage for long-term success.”
ethereum Foundation Problems
Sun's proposals come amid increased scrutiny of ethereum's leadership and operations.
The ethereum Foundation has recently faced criticism for selling eth to cover expenses, prompting calls for alternative funding strategies.
Meanwhile, rival blockchain networks like Solana are gaining traction due to their ability to attract more developers and new projects, thus increasing pressure on ethereum to innovate.
Internal governance issues have also become a focal point, with critics calling for changes within the ethereum Foundation. Concerns about leadership effectiveness have fueled calls for greater transparency and accountability.
