Justin Sun, the founder of Tron (TRX), shared his thoughts on how he would run Ethereum and the ‘Ethereum Foundation’ if it were under his control. He claimed his ideas would get ETH to $10,000.
First, he said he would stop the sale of Ethereum (ETH) for three whole years. Rather than depending on the sale of ETH, he suggested that the foundation could fund its operations through staking rewards, borrowing stablecoins, or lending through platforms such as AAVE. According to him, “This ensures the ETH supply remains intact, aligns with our deflationary goals, and reinforces market confidence.”
He talked about taxing Layer 2 projects that are built on Ethereum. He believes these taxes could bring in $5 billion every year. He said the collected taxes would be used to back ETH and burn it, meaning permanently remove it from the system. In short, the less ETH out there, the higher the demand, and maybe a higher price too.
He also said he would make the Ethereum Foundation run more efficiently by cutting down the number of employees and keeping only the best ones. Those who stay would get better pay based on how well they perform.
Sun also thinks Ethereum needs to burn more fees and lower the rewards for running Ethereum nodes while increasing the amount of ETH burned through transaction fees.
He explained that these changes would “solidify its position as a store of value” and maintain Ethereum’s deflationary status.
The founder remained super focused on Ethereum’s main technology, which is the “Layer 1.”. He believes if the company prioritises improving scalability, and security, and making Ethereum easier to use, it could grow even faster. Sun even said ETH’s price could jump to $4,500 in just a week if these changes were made and eventually hit $10,000.
Sun’s ideas have become a center of discussion on social media as people debate whether these changes could actually work or not.
Meanwhile, Ethereum’s price has been consolidating between $4,100 and $3,030 since last November.
At the time of writing this report, the price is at $3,298 with a 36% drop in trading volume over the last 24 hours.
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