Sun Yuchen made a bold statement: If I were to lead Ethereum, ETH 10, 000 magnesium cannot escape!

In response to the recent turmoil at the Ethereum Foundation, Tron founder Sun Yuchen posted on X stating:

If I lead the foundation and Ethereum, ETH will rise to $10000

In addition, Sun Yuchen further shared on X the first week plan of Ethereum under his leadership:

Immediately stop ETH sales and optimize revenue: The Ethereum Foundation will immediately stop selling ETH for at least three years. The operating costs will be paid through AAVE loans, pledge proceeds, and stablecoin loans. This ensures that the supply of ETH remains intact, in line with the goal of deflation, and enhances market confidence. Immediately impose heavy taxes on L2 solutions: All Layer 2 projects will be subject to high taxes, ensuring that Ethereum generates at least $5 billion in taxes annually (whether it's stablecoins or tokens). All collected taxes will be used to repurchase ETH and destroyed in a fully decentralized manner. Simplify Ethereum Foundation operations: Significant layoffs will be implemented, retaining only the most capable team members. Employees who stay will receive significant salary increases and transition to a purely performance-based system that rewards performance and results. Adjust rewards and increase cost destruction: Node rewards will decrease, while cost destruction mechanisms will receive more attention. This will ensure that Ethereum maintains deflation and consolidates its position as a store of value.

Sun Yuchen emphasized that his overall goal is to focus on the underlying network of Ethereum and make ETH reach $10000:

All resources will be redirected towards Ethereum core L1 development, prioritizing scalability, security, and adoption, with ETH reaching $10000. Through these decisive actions, ETH is expected to surpass $4500 within the first week, laying the foundation for long-term success