Tron Founder Proposes Radical Changes for Ethereum, Aims for $10,000 ETH

Justin Sun, the founder of Tron, has unveiled a bold strategy to overhaul Ethereum’s operational framework, aiming to propel ETH to $10,000 amid significant structural changes. In a detailed plan highlighted on X, Sun outlined sweeping measures designed to reshape Ethereum Foundation (EF) policies within his hypothetical leadership role. The Tron founder’s proposal includes an immediate cessation of ETH sales for three years, utilizing alternative financial strategies such as AAVE lending and staking yields to fund operational expenses. The move is intended to stabilize ETH supply, bolster market confidence, and align with deflationary goals. Additionally, Sun plans to impose substantial taxes on all Layer 2 solutions, aiming to generate a minimum of $5 billion annually in stablecoins or tokens. The collected taxes would be used to repurchase and burn ETH tokens in a decentralized manner, further supporting Ethereum’s deflationary model. Under Sun’s leadership, EF operations would undergo significant downsizing, prioritizing a merit-based system that rewards performance. Node rewards would be reduced, with increased emphasis on fee-burning mechanisms to solidify Ethereum’s status as a store of value. ETH will Break Above $4,500 in Just One Week of Implementing the Suggestions The proposed strategy also directs EF resources exclusively towards enhancing Ethereum’s core Layer 1 development, focusing on scalability, security, and adoption. The Tron founder believes these measures could potentially elevate ETH to break the $4,500 barrier within the initial week, setting the stage for sustained growth. Critics have already voiced concerns over the feasibility and implications of Sun’s plan, questioning its impact on Ethereum’s decentralized ethos and community dynamics. Industry analysts suggest that while the proposal signals ambitious goals, its implementation could spark broader debates within the blockchain ecosystem about governance and operational strategies. The Ethereum community remains divided over the radical overhaul proposed by Sun, highlighting divergent views on governance and strategic direction. As discussions unfold, stakeholders are poised to scrutinize the potential outcomes of such a transformative leadership approach to Ethereum’s market dynamics and technological advancements.