Ronin Treasury has announced plans to commence a RON token buyback starting September 29. The treasury intends to convert its entire holdings of ETH and USDC, valued at over $5 million, into RON within a month. This includes 890 ETH and 650,000 USDC, which, if fully converted, will represent approximately 1.3% of the current RON circulating supply. The initiative aims to reduce market circulation, bolster national reserves, and strengthen relationships with ecosystem builders and holders. Ronin officials confirmed that the treasury will only engage in one-way repurchases and will not sell RON.
Ronin Treasury to Initiate RON Token Buyback on September 29
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