Ronin has announced a $4.6 million RON buyback starting Sept. 29 to swap treasury ETH and USDC for RON, reducing circulating supply by ~1.3% and potentially tightening supply pressure on RON prices.
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Buyback size and timing: $4.6M in RON purchases beginning Sept. 29, executed over ~one month.
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The treasury will convert Ether (ETH) and USDC holdings into RON, increasing treasury RON and lowering circulating supply.
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Impact metrics: buyback equals ~1.3% of circulating supply; treasury valued near $5.5M with ~896 WETH as largest holding.
Meta description: Ronin RON buyback announced: $4.6M swap of ETH and USDC for RON starting Sept. 29 to cut supply by ~1.3%. Read details and key takeaways now.
The Ronin Treasury will begin a $4.6 million RON buyback starting on Sept. 29, which is expected to reduce the circulating supply of RON by 1.3%.
The Ronin Treasury is executing a $4.6 million program to buy RON from the open market by swapping its Ether (ETH) and USDC reserves into RON over the course of a month. The move will raise treasury-held RON and shrink public circulation, a supply-side mechanism that can support price stability.
What is the Ronin RON buyback and why does it matter?
The Ronin RON buyback is a treasury-led plan to convert existing ETH and USDC reserves into RON beginning Sept. 29, reducing circulating supply by roughly 1.3%. The action aligns ecosystem incentives and can tighten available tokens, which may influence market dynamics.
How will Ronin execute the buyback?
Ronin will sell its Ether and USDC holdings on the open market and purchase RON over about one month. The treasury currently holds approximately 896 WETH (valued near $3.9M) and ~652,000 USDC; those assets will be swapped into RON using on-chain market liquidity and exchange mechanisms.
How much supply will change and what are the numbers?
The buyback equals ~1.3% of the current circulating RON supply. There are about 693 million RON circulating from a 1 billion total supply, giving a market capitalization near $355.7 million. The Ronin Treasury’s total value is around $5.5 million prior to the swaps.
When did Ronin announce its return to Ethereum and what is the context?
Ronin announced a strategic return as an Ethereum layer-2 in August, positioning the network to capture renewed Ethereum activity and institutional interest. The chain originally branched off Ethereum in 2021 to serve Axie Infinity and NFT gaming with lower fees and faster throughput.
What is Ronin’s historical risk profile?
Ronin suffered a large bridge exploit in March 2022 that removed roughly $600 million from the ecosystem. Total value locked declined from about $1.2 billion in early 2022 to current levels near $56 million, per on-chain analytics data sources reported in industry coverage.
Ronin Treasury buyback plans. Source: Ronin Network
How has the market reacted to the announcement?
RON price spiked about 11% to $0.54 on the initial announcement day, later trading near $0.51 at the time of reporting. RON remains down over 88% from its March 2024 peak of $4.45 and has shown limited volatility over recent months.
RON has traded flat since April. Source: TradingView
Frequently Asked Questions
Will the buyback permanently remove RON from circulation?
The treasury intends to retain purchased RON, increasing treasury holdings and reducing circulating RON by the buyback amount. The announcement indicates no planned sales from those newly acquired treasury tokens.
Does the buyback use taxpayer or community funds?
The funds originate from protocol fees collected via Katana DEX, Ronin Market, and Ronin Name Service over prior years; these are treasury assets, not external funding or taxation.
Key Takeaways
- Buyback scale: $4.6M in RON purchases beginning Sept. 29, ~1.3% of circulating supply.
- Treasury composition: Largest holding ~896 WETH plus ~652,000 USDC and existing RON reserves.
- Market impact: Short-term price reaction was an ~11% spike; long-term impact depends on liquidity and holder behavior.
Conclusion
The Ronin Treasury’s $4.6 million RON buyback is a measurable supply-management step that converts ETH and USDC holdings into treasury RON beginning Sept. 29. This action reduces circulating supply by around 1.3% and signals a treasury strategy focused on long-term ecosystem alignment as Ronin transitions back toward Ethereum layer-2 activity. Watch on-chain metrics and treasury disclosures for ongoing updates.
