Tron Founder Justin Sun Issues $5,000 Target For Ethereum

Highlights

Justin Sun is optimistic on the future price of Ethereum
Ethereum has a bittersweet price action, but with possible breakout potential
Sun believes ETH price could soar to a price of $5,000 in months

Justin Sun, the founder of Tron, has made a bold statement about the future price of Ethereum (ETH). He believes the cryptocurrency can hit $5,000 in a couple of months. His comments come just as the Ethereum Foundation prepares for a major global celebration to mark its tenth anniversary.

Justin Sun Shares Big Take on Ethereum

In a recent post on X, Sun noticed an interesting coincidence: His birthday falls on July 30, the exact date Ethereum was launched in 2015.

Using this moment, he tied his message to the Ethereum Foundation’s announcement of a global series of meetups on July 30, 2025. These gatherings will celebrate ten years since the Genesis block of Ethereum was mined.

According to the Foundation, individuals and groups worldwide are encouraged to organize their local meetups. These events can range from casual hangouts to larger, planned gatherings.

It is worth noting that the Ecosystem Support Program will provide financial backing of up to $500 per event to support these efforts. Applications for funding must be submitted by June 15, 2025.

The post from Justin Sun, however, went beyond community events. According to him, he predicted a 10x increase for Ethereum’s price, hinting at a $5,000 target. Though he did not give a specific timeline, his message has since led to positive sentiment among Ethereum community members on X.

The Historic Ties to Ethereum

Ethereum, launched in 2015, introduced smart contracts and has played a central role in developing decentralized applications.

Over the last ten years, it has become one of the most critical projects in the digital asset economy. The upcoming meetups intend to honour this journey, with plans to bring users and developers together in different cities worldwide, as detailed by the network.

It is essential to add that the connection between Justin Sun and Ethereum has long drawn attention from the crypto community. CoinGape previously reported that Tron Founder Justin Sun revealed his plan to HODL ETH despite a drop in its price.

Even with founding a rival platform, he continues to comment on Ethereum’s development.

Ethereum Price and Growth Catalyst

CoinMarketCap data shows that the Ethereum price was trading at $1,769.23, showing a 1.06% drop over the last 24 hours.

While the projection from Justin Sun sounds exciting to some, critics argue that Ethereum still faces issues around scalability, high gas fees, and slow transaction times.

These problems, often pointed out by developers and traders alike, remain hurdles to wide-scale adoption. However, some market participants believe that the upcoming Pectra upgrade will bring new developments to the Ethereum ecosystem.

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin

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