Ronin Launches $4.6M RON Buyback Program This Week
Ronin Treasury to buy back $4.6M worth of RON tokens from the open market starting September 29th.
- $4.6M buyback program for RON starts Sept 29
- ETH and USDC will be used to purchase RON
- Buyback aims to support ecosystem growth and price
Ronin Treasury to Initiate $4.6M Token Buyback
The Ronin Treasury has announced a $4.6 million RON buyback program, set to begin on September 29th. The initiative will see the treasury swap its accumulated ETH and USDC holdings to buy RON tokens directly from the open market.
This move is designed to support the Ronin ecosystem by strengthening the value of its native token, RON, and potentially creating positive price pressure. The buyback comes at a time when protocol-level initiatives are becoming a popular tool for long-term sustainability and community confidence.
Why the Buyback Matters
Token buybacks are typically used to reduce circulating supply, reward holders, and signal long-term commitment from the project team. By converting ETH and USDC reserves into RON, the Ronin Treasury is not only putting its capital to work but also reinvesting directly into its own economy.
The choice to do this through open-market purchases—as opposed to treasury-controlled burns or liquidity provisioning—means immediate impact on market demand and price dynamics.
This could lead to short-term upward pressure on the RON token, especially if the program is sustained over time or inspires broader investor confidence.
Strengthening Ronin’s Strategic Position
Ronin, known for powering the Axie Infinity ecosystem and various Web3 gaming projects, has continued to push for decentralization and long-term stability. The RON buyback program highlights the treasury’s active role in managing the ecosystem’s financial health.
This action could also attract attention from both retail and institutional players watching for signs of ecosystem maturity and tokenomics discipline in the volatile GameFi sector.
Read Also:
- La Culex Meme Coin Stage 4 Presale Is Live: Top Crypto to Buy Today for Investors Who Want Early Gains Alongside Solana and Polkadot
- Coinbase Backs Stablecoin Yield in Trump’s GENIUS Act Debate
- LP-Free Perpetuals Exchange Leverup Available Now, Powered by Monad
- $2.34M Sent to Wrong Addresses in Stable Pre-Deposit
- Sonami Announces Presale Developments and Layer 2 Expansion
