Ronin Network has announced a $4.5 million buyback program for its RON tokens, utilizing 890 ETH and 650,000 USDC from the Ronin Treasury. The buyback will be conducted using a Time-Weighted Average Price (TWAP) strategy, purchasing an average of $100 worth of RON tokens per minute over a month to minimize market impact. Post-buyback, the Ronin Treasury is projected to hold around 9 million RON tokens, accounting for 1.3% of the total circulating supply.
Ronin Network Initiates $4.5 Million RON Token Buyback
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