Justin Sun, the founder of the Tron network, has revealed an ambitious strategy to transform the Ethereum ecosystem and push its price to $10,000.
In a January 22 article on X, Sun explained how changes in supply management, operational strategy and tax policies could reshape the trajectory of the second largest digital asset by market capitalization.
Sun’s proposal
Sun’s main proposal is to suspend regular ETH sales from the Ethereum Foundation for at least three years. Instead of relying on asset liquidation for operational funding, he suggested leveraging revenue sources such as staking returns, decentralized lending platforms, and stablecoin-backed loans.
Sun said this approach would support deflationary conditions and increase investor confidence.
Another key aspect of its plan is imposing substantial taxes on layer 2 platforms. Sun estimates that this approach could generate $5 billion per year to fund ETH buyback and burn initiatives.
He wrote:
“All taxes collected will be used to buy back the ETH and burn it in a fully decentralized manner, 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 the core development of Ethereum Layer 1, prioritizing scalability, security, and adoption.
Additionally, Sun plans to overhaul Ethereum’s rewards system. He proposed reducing node rewards and increasing fees to ensure the network remains deflationary while building long-term value.
Sun expressed confidence that these changes could push the price of Ethereum to $4,500 in the short term and $10,000 in the long term.
He concluded:
“Thanks to these decisive actions, ETH is poised to surpass $4,500 in the first week, laying the foundation for long-term success.”
Ethereum Foundation Issues
Sun’s proposals emerge amid increased scrutiny of Ethereum’s leadership and operations.
The Ethereum Foundation recently came under fire for selling ETH to cover expenses, sparking calls for alternative funding strategies.
Meanwhile, rival blockchain networks like Solana are gaining ground due to their ability to attract more developers and new projects, 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.
