- Ronin announces buyback, boosting ecosystem’s asset value.
- Funding from ETH and USDC reserves.
- Aims to acquire 1.3% of RON circulation.
Ronin Treasury has initiated a RON buyback program worth $4.6 million starting September 29, leveraging treasury assets for acquisition purposes.
This initiative impacts RON’s circulating supply, potentially influencing pricing dynamics and market sentiment.
The Ronin Treasury announced the initiation of a $4.6–$5 million RON buyback program aimed at acquiring approximately 1.3% of RON’s circulating supply. The program will start on September 29, 2025, demonstrating the project’s strategic move.
Key entities such as the Ronin Network Treasury will execute this buyback. Funding for this initiative stems from 895 ETH and 650,000 USDC within the treasury, underlining a substantial redirection of resources for market stabilization.
The announcement led to an immediate 15% spike in RON’s price, reflecting investor optimism. However, the market quickly stabilized, indicating mixed sentiments about the buyback’s long-term impact on RON’s value.
The buyback program underscores a broader strategic initiative to bolster ecosystem growth through liquidity mining and grants, marking a shift from traditional market interventions to more comprehensive ecosystem support tactics.
Historically, buybacks have led to temporary price gains, followed by corrections. This scenario aligns with trends seen in similar initiatives by other crypto platforms, suggesting potential fluctuations in RON’s market valuation.
Overall, the buyback could favor RON holders and foster increased network stability and confidence. Insights from historical data suggest possible regulatory oversight and enhanced technological adaptation within decentralized finance markets. Longer-term impacts remain to be observed.
“Ronin’s sleeping giant is waking up…We’re ready to unleash the beast.” — Ronin Team
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