Justin Sun's Plan to Push Ethereum (ETH) to $10,000
Table of contents
Sun’s Five-Step Plan for ETH Growth
[embed]https://TWITTER.com/justinsuntron/status/1881999625990836229[/embed]
1. Halting ETH Sales & Optimizing Revenue
Sun suggests that the Ethereum Foundation (EF) should stop selling ETH for three years. Instead, operational costs would be covered through AAVE lending, staking yields, and stablecoin borrowing. This move aims to make ETH more deflationary and boost market confidence.
2. Implementing Layer-2 Taxation
Sun proposes a tax on all layer-2 solutions to generate $5 billion annually. These funds would be used to repurchase and burn ETH, reducing supply and driving up value.
3. Restructuring the Ethereum Foundation
A major downsizing of the Ethereum Foundation would leave only the most skilled employees, with higher salaries based on merit. This, he believes, would create a performance-driven organization.
Final Steps to $10,000
4. Reducing Node Rewards & Enhancing Fee Burning
To ensure ETH remains deflationary and a strong store of value, Sun would reduce node rewards and focus on fee-burning mechanisms.
5. Prioritizing Layer-1 Development
All resources would be directed toward Ethereum’s core layer-1 development, focusing on scalability, security, and adoption. According to Sun, this could push ETH to $4,500 in a week and eventually reach $10,000 per coin.