Justin Sun forecasts Ethereum could reach $5,000 soon as the network’s 10th anniversary approaches. He proposes a three-year suspension on ETH sales to enhance value and suggests using DeFi tools to fund operations. The ETH Foundation plans celebrations with grants for local events. A crucial Pectra upgrade is also on the horizon to tackle high gas fees and scalability issues.
Tron founder Justin Sun has projected that Ethereum (ETH) could hit a remarkable $5,000 within mere months. This startling prediction comes as the Ethereum community gears up for its 10th anniversary, which is set to take place globally on July 30, 2025. Sun shared this bold forecast via X (formerly Twitter) and noted that this significant date also coincides with his birthday, linking personal sentiments to the event’s milestone.
The ETH Foundation is calling on people and organisations to join in the anniversary celebrations. They are encouraging local gatherings of all sizes to honour Ethereum’s contributions to blockchain. To facilitate this, they’re offering up to $500 per event through their Ecosystem Support Program, with applications due by June 15, 2025.
Initially, the price of Ethereum is sitting at about $1,761, with a trading volume over the past day hitting $25.93 billion. However, it’s important to note there’s been a slight drop of 0.47% recently. Despite not providing a specific timeline, Sun’s ambitious target is certainly creating a buzz among Ethereum supporters, who have been watching closely.
Interestingly, Sun’s strategy includes proposing a three-year suspension on ETH sales. This is aimed at decreasing supply and, ultimately, driving up the coin’s value. Instead of selling, he suggests utilising DeFi platforms such as Aave for lending and staking to finance operations. Additionally, he proposes overhauling the ETH Foundation to retain only top developers, seeking to enhance innovation through a more efficient framework.
Another major focus for the Ethereum community is an impending technical upgrade, the Pectra update, anticipated for May 2025. This aims to bolster scalability, reduce transaction costs, and enrich contract functionality, addressing longstanding hurdles like high gas fees. The success of Pectra could significantly uplift Ethereum’s appeal for mass adoption.
Notably, Sun’s enthusiasm for ETH as a rival blockchain founder underscores Ethereum’s lasting impact. Despite leading a competing platform, he remains an ETH holder and often acknowledges the platform’s innovation. His prediction of $5,000 might appear audacious, but it certainly resonates with ongoing perspectives on Ethereum’s foundational role in the decentralised tech landscape.
As the crypto community anticipates the upcoming anniversary, there’s a palpable sense of curiosity—will a mixture of festivities, strategic limits, and pivotal upgrades pave the way for a new chapter for ETH?
