Justin Sun showed his interest in the Ethereum ($ETH) coin & said that he could push the Ethereum coin price to the $10k level easily.
Justin Sun is the founder of Tron ($TRX) blockchain. Justin has his hand in multiple crypto projects & holds an undisclosed amount of big Bitcoin stakes. Many times Justin is accused of misusing his money power in the crypto & non-crypto world. In March 2023, the United States Securities and Exchange Commission (SEC) sued Justin for selling unregistered securities related to the sale and promotion of Tron (TRX) and BitTorrent (BTT) tokens.
On 22 Jan 2025, Justin Sun took to X ( formerly Twitter) to share his opinion on the current issues with the Ethereum Foundation (EF) indirectly.
He shared the plans he would have for Ethereum if he were the leader of the Ethereum Foundation.
With the shared plan he suggested that the Ethereum foundation leader should immediately halt the sale of ETH coin & introduce a new revenue model by heavy taxation on the Ethereum Layer-2 blockchain.
Justin’s third step involves reducing the Ethereum Foundation (EF) staff & increasing the salary of the remaining team, creating a merit-based system focused on rewarding performance and results.
In step four, the Tron founder’s plan involves reducing node rewards and focusing on fee-burning to keep Ethereum deflationary and enhance its value as a store of wealth. In the last step, he suggests focusing exclusively on Ethereum’s layer 1, prioritizing scalability, security, and adoption.
According to Justin, this strategy for the Ethereum blockchain will help to drive the Ethereum coin’s trade price to $4,500 to $10,000 easily.
Just a day ago, Ethereum co-founder Vitalik Buterin decided to take the leadership of the Ethereum Foundation under his own control until a new governance structure was implemented.
Ethereum price action
The current trade price of the Ethereum ($ETH) coin is $3,288 & this price level is 0.54% down over the last 24 hours period.
Read also: US SEC’s new chairman creates a new Crypto team to create a crypto regulatory framework
