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Will Justin Sun Take ETH to $10K With His Bold Plan?

The Block Whisperer

January 23, 2025 at 8:06 PMby The Block Whisperer

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Justin Sun's bold plan aims to push Ethereum to $10,000 by halting Foundation sales, taxing Layer 2s, leveraging DeFi, and slashing staff. Critics and risks abound.

Will Justin Sun Take ETH to $10K With His Bold Plan?
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Tron's founder just dropped some serious strategy on Crypto Twitter. 

Justin Sun wants to push Ethereum to $10,000, and he plans to make waves using lending markets to make it happen.

Here's the real story behind crypto's latest drama.

The Big Plan

Sun isn’t playing a small game with his recent strategy. 

He wants the Ethereum Foundation to stop selling ETH for three years straight and, instead of cashing out, use it for all kinds of DeFi magic, securing big bags along the way.

Things like lending on Aave, stacking staking rewards, and borrowing against their holdings are all on the table in Sun’s plan.

But things get really spicy when you consider how hard Sun wants to tax Layer 2s. 

According to his analysis, he figures he could pull around $5 billion yearly from them for ETH buybacks and burns – given ETH is already deflationary. This could set a big fire under the price action. 

He wants to slash the Foundation's staff while paying the survivors more, turning it into a lean, mean scaling machine. It’s a bold strategy, but not everyone is on board – especially those who might get fired.

Money Talks Louder Than Noise

Sun is betting his plan could send ETH past $4,500 in a week, then on to $10,000 as the new fundamentals supercharge deflation and make the Foundation a force for good rather than an opaque nebula of interest. 

Meanwhile, the Foundation has been selling ETH like it's going out of style, with 4,666 tokens worth $13 million just this year in sell pressure from the biggest Ethereum organization in the world.

Vitalik Has Feelings 

Buterin isn’t just ignoring the noise around his leadership and the massive sell pressure. 

He's talking about staking Foundation ETH now that regulators have cooled off and even plans to move 50,000 ETH into DeFi plays. 

Plus, they're shaking up leadership to focus more on tech and less on talk.

This call-out comes at a great time – Ethereum Foundation leadership has been sleepwalking for far too long, and seeing Sun call out the Ethereum Foundation's whole approach is refreshing. 

Stop selling, start earning, tax the Layer 2s, and do the hard work. It's a complete overhaul of how Ethereum operates.

Market Means Reality

ETH has thus far held steady at $3,303.8, but Sun's plan could change everything. 

Tax Layer 2s too hard, though, and they might jump ship and form their own chains. 

However, stopping Foundation sales alone could pump the price.  

We’ve also seen that tech companies around the world are laying off staff and going lean, so cutting the bloat is really just startup 101 (with sensitivity to the fact that this is crypto's second-biggest project.)

Ethereum’s Day in the Sun?

Sun's plan shows how far Ethereum has come. 

From humble beginnings to talks about how we make this thing hit $10,000. 

The same Foundation that used to worry about basic survival now has people arguing over how to manage its billions.

Whether Sun’s plan works or not, it’s clear that Ethereum is now too big to ignore, even for its competitors.

#DeFi
#Ethereum

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