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Justin Sun has revealed a plan that could reshape Ethereum’s ecosystem and push the price of its native cryptocurrency to $10,000.on X, the plan begins with an immediate halt to ETH sales, with Sun suggesting that the EF stop selling the token for at least three years.
The Liberland Prime Minister also proposed imposing higher taxes on Ethereum Layer 2 projects, a move he believes can generate $5 billion annually. According to him, the collected funds would then be used to repurchase ETH and burn it in a decentralized manner, further reducing supply and increasing value.
To reinforce Ethereum’s deflationary model, the executive proposed cutting node rewards and prioritizing fee-burning mechanisms. He claimed these adjustments would help cement the network’s reputation as a store of value. “With these decisive actions, ETH is poised to break $4,500 within the first week, setting the foundation for long-term success.”The proposal comes amid heightened scrutiny of the EF’s leadership and operations. Aya Miyaguchi, executive director since 2018, hasbacklash from community members who accuse her of inefficiency. Many are now calling for developer Danny Ryan to take on a more prominent leadership role.
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