Justin Sun Proposes $10,000 Target for Ethereum Price Revival

Justin Sun, the founder of TRON, has proposed a bold strategy to elevate the price of Ethereum (ETH) to $10,000. His plan includes:

Overhauling the Ethereum Foundation and protocol
Halting the sale of ETH for three years to stabilize supply and boost market confidence
Utilizing Aave (AAVE) lending and staking yields to cover operational costs during the sale halt
Imposing taxes on Layer 2 (L2) projects to generate at least $5 billion annually for Ethereum
Using tax revenue to repurchase and burn ETH to enhance scarcity
Streamlining staff at the Ethereum Foundation to create a merit-based organization with higher salaries for top performers
Reducing node rewards and focusing on fee-burning mechanisms to reinforce Ethereum's deflationary status
Prioritizing Layer 1 (L1) development for scalability, security, and adoption

Sun believes these initiatives could lead to a price increase to over $4,500 shortly after implementation. Currently, Ethereum is priced around $3,200, down 4% in the last 24 hours, and 34.5% below its all-time high of $4,878.