Justin Sun’s Cryptic Scheme: Ethereum to the Moon? 🤔

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In the world of cryptocurrency, where fortunes are made and lost in the blink of an eye, Tron founder Justin Sun has revealed a mysterious plan to propel the price of Ethereum (ETH) to the lofty heights of $10,000. This enigmatic blueprint, filled with intrigue and suspense, includes enigmatic measures such as halting ETH sales, taxing Layer 2 solutions, and focusing on Layer 1 development.

What does this cunning scheme entail? Will it truly strengthen ETH’s position in the market and ensure its long-term growth? Or is it a mere carnival sideshow designed to distract and entertain us? Let us embark on this thrilling journey together and unravel the secrets hidden within.

Justin Sun’s Cunning Plan to Inflate ETH Price

On the 22nd day of January, Justin Sun unveiled his masterplan on the platform X, aiming to push Ethereum price to $10,000. The Tron mastermind proposes a three-year halt on Ethereum Foundation (EF) sales of ETH. By doing so, Sun hopes to maintain a stable supply, fostering a deflationary market model.

Sun also plans to utilize AAVE lending, staking yields, and stablecoin borrowing to cover operational costs, ensuring long-term sustainability. His grand vision includes restructuring the ecosystem and creating a more efficient system to fuel ETH’s price growth. But is this just a smokescreen, or does Sun have a hidden ace up his sleeve?

Justin Sun’s Whimsical Vision for Ethereum and Layer 2 Solutions

The ever-opinionated Justin Sun has been causing quite a stir in the crypto community with his bold statements. He also expressed admiration for the newly elected US President Donald Trump, hinting at the potential for crypto-friendly policies. Sun’s proposed tax on Layer 2 solutions is a crucial part of his plan, aiming to generate at least $5 billion annually.

President @realDonaldTrump consistently delivers remarkable results every day. We should strive to keep up and learn from his ability to achieve outcomes.

— H.E. Justin Sun (@justinsuntron) January 22, 2025

All collected taxes will be used to repurchase and burn ETH, further driving its deflationary nature. Sun plans to focus on enhancing Ethereum’s core development, ensuring its long-term scalability, and reinforcing its value proposition. But is this truly a visionary plan, or just an elaborate ruse to capture the world’s attention?

ETH Price and Market: A Tale of Two Fortunes

Ethereum price has been steadfast, trading within a range of $3,265 to $3,366 in the past 24 hours. Its 24-hour trading volume has experienced a decline of 36%. Notably, Ether Futures Open Interest has remained relatively flat today.

Despite the market’s ups and downs, ETH remains a magnet for large investors. Recent reports from Coingape indicate that whales have amassed over $1 billion in ETH over the past few days. Furthermore, Tron founder Justin Sun has transferred a total of 227,000 ETH to the crypto exchange HTX in recent months. Will this move, combined with Sun’s ambitious plans for Ethereum, impact ETH’s price trajectory? Only time will tell.

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2025-01-22 15:55