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Justin Sun, the founder of Tron, unveiled an ambitious plan to raise Ethereum (ETH) 
$2,547 prices to the $10,000 mark. His proposal includes halting ETH sales, imposing taxes on Layer 2 solutions, and focusing on Layer 1 developments. These steps aim to strengthen token positioning in the cryptocurrency market and ensure long-term growth.
Justin Sun and His Bold Plan
On January 22, Sun shared his plan on the X platform. He proposes that the Ethereum Foundation (EF) halt ETH sales for the next three years. Sun believes that stopping these sales will stabilize supply and support a deflationary market model.
Additionally, he plans to utilize AAVE lending, staking yields, and stablecoin borrowings to cover operational costs. His vision is to restructure the ecosystem and create a more efficient system to support the price increase of ETH.
Justin Sun’s Vision for Ethereum and Layer 2 Solutions
Justin Sun detailed his plan, generating significant buzz in the crypto community. He expressed admiration for the newly elected U.S. President Donald Trump, emphasizing the potential for crypto-friendly policies. The proposed tax on Layer 2 solutions aims to generate at least $5 billion annually.
President Trump achieves extraordinary results every day. We must learn from his abilities and strive to replicate his success.
— H.E. Justin Sun
All collected taxes will be used to buy back and burn ETH, which will help strengthen the token’s deflationary structure. Sun aims to ensure long-term scalability and value proposition by focusing on Ethereum’s core developments.
ETH Price
The price of Ethereum fluctuated between $3,265 and $3,366 in the past 24 hours, with a trading volume of $26 billion recorded. Ether futures open positions are relatively stagnant today. Nevertheless, ETH remains a focal point for major players, with reports indicating that whales accumulated over $1 billion worth of ETH in recent days.
In recent months, Justin Sun has deposited a total of 227,000 ETH into the HTX crypto exchange, which could impact market dynamics. These maneuvers by Sun may further influence ETH’s price direction.
Ethereum continues to hold a strong position in the cryptocurrency market, and Justin Sun’s plans could reinforce this status.
