Ronin Launches $4.6M RON Buyback to Cut Supply by 1.3%
Ronin Network’s treasury will launch a RON buyback program on September 29, converting 896 WETH (≈$3.9 M) and 652,000 USDC into RON over one month. Totaling $4.6 M—or 1.3% of the 693 M circulating RON supply—this move aims to reduce supply and bolster token value. Funded by fees from Katana DEX, Ronin Market and Ronin Name Service, the treasury holds $5.5 M in WETH, USDC and RON. On announcement, RON spiked 11% to $0.54 before settling at $0.51. Since its August relaunch as an Ethereum layer-2 network, Ronin has worked to recover from a $600 M bridge hack that cut TVL sharply. Traders should monitor on-chain liquidity and treasury disclosures for execution details, as the RON buyback may spark near-term bullish momentum.
Bullish
The RON buyback cuts 1.3% of circulating supply, creating direct buy pressure and limiting available tokens. The announcement triggered an 11% price spike, showing typical short-term support from repurchase programs. In the coming weeks, traders may capitalize on the reduced supply and treasury demand to push prices higher. Long-term outlook hinges on Ronin’s ability to sustain network growth after its L2 relaunch and deliver on transparent buyback execution. Given RON’s 88% drop from its March peak and sideways trading since April, cautious monitoring is advised. Overall, the buyback is a bullish catalyst but requires scrutiny of on-chain liquidity and disclosure for full confidence.