TL;DR
- The Ronin Treasury will begin a $4.6 million RON buyback on September 29, reducing the circulating supply by around 1.3%.
- The plan includes swapping its entire ETH and USDC reserves for RON over one month, with all transactions executed onchain.
- This move strengthens Ronin’s position as it returns to Ethereum as a layer-2 solution, reinforcing its strategy to support Web3 gaming and long-term tokenholder value.
Ronin Network, the blockchain tailored for gaming and NFTs, announced that its Treasury will begin a systematic buyback of RON tokens starting September 29. The initiative involves $4.6 million in acquisitions and represents an effort to reduce the circulating supply of its native asset while increasing Treasury reserves. At current prices, this equates to approximately 1.3% of RON’s supply being withdrawn from open markets.
Strengthening The Treasury
The funds for the buyback stem from years of accumulated fees collected through Katana DEX, Ronin Market, and the Ronin Name Service. Currently, the Treasury holds over $5.5 million in assets, with its largest positions in wrapped Ether and USDC. Both assets will be fully converted into RON over the course of a month, ensuring that the network’s reserves are increasingly aligned with its native ecosystem.
By prioritizing RON accumulation over other tokens, the Treasury is signaling strong conviction in the token’s future role. This step also reflects Ronin’s broader strategy to transition back into the Ethereum ecosystem as a dedicated layer-2 network, a move first announced in August.
Buyback And Market Outlook
Ronin’s supply structure has remained a concern for investors since the network faced its $600 million bridge hack in 2022, one of the industry’s largest exploits. Total value locked fell sharply in the aftermath, moving from $1.2 billion to current levels near $56 million. The buyback represents a tactical effort to restore market confidence, demonstrating that the team is committed to reducing sell pressure and consolidating long-term support.
The price of RON reacted immediately after the announcement, climbing 11% to $0.54 before stabilizing at $0.51. Despite being down over 88% from its all-time high in March 2024, the token’s recent rebound suggests that market participants are cautiously optimistic. Analysts note that buybacks of this scale often provide both psychological support and real liquidity effects, particularly when the Treasury confirms it has no intention of selling RON in the near future.
As the program unfolds, Ronin Network positions itself not only as a leading blockchain for Web3 gaming but also as a maturing layer-2 that is realigning its financial architecture for long-term growth.
