Ethereum Core Developer Launches Foundation to Push ETH to $10,000

Zak Cole, a prominent Ethereum core developer, has unveiled a bold new initiative aimed at significantly expanding the Ethereum ecosystem and driving the price of ETH to $10,000.

Speaking at the Ethereum Community Conference on July 2, Cole introduced the Ethereum Community Foundation (ECF)—an independent organization focused on ETH’s value as an asset.

Unlike the existing Ethereum Foundation, which primarily supports protocol-level development, the ECF is designed to pursue goals that have been “overlooked or avoided,” according to its official website. The foundation’s core objective is to directly support ETH price appreciation through education, funding, outreach, and ecosystem initiatives.

Mission: ETH at $10,000

“The ETH price has been overlooked for too long,” the ECF states. “We are mission-focused on growing its value.” Cole emphasized that the target of $10,000 per ETH is not simply speculative hype, but a necessary milestone for Ethereum’s role as a global settlement layer.

“ETH to 10K isn’t a meme. It’s a requirement, a benchmark, a mandate,” he said, noting that a $1.2 trillion market cap would position Ethereum as a viable monetary competitor to gold. He argued that ETH’s value supports more than just market sentiment—it funds validators, secures the network, and reinforces Ethereum’s capacity to settle global transactions.

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A More Aggressive Strategy for Value Growth

To reach this ambitious target, Cole explained that the ECF will take a more assertive role in backing the Ethereum community and its long-term holders. This includes funding projects aimed at boosting adoption, reinforcing infrastructure, and expanding Ethereum’s reach beyond traditional crypto circles.

With the launch of the Ethereum Community Foundation, Cole is signaling a strategic shift in how the Ethereum ecosystem approaches market value—framing price not as speculation, but as infrastructure-critical.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.