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Ronin Treasury to Launch RON Token Buyback on September 29, Accounting for Approximately 1.3% of Circulating Supply
Summary: In a recent announcement, Ronin officially declared that its treasury, Ronin Treasury, will commence a buyback of RON tokens on the public market starting on September 29. The treasury currently holds assets exceeding $5 million, including 890 ETH and 650,000 USDC, all of which will be exchanged for RON, representing approximately 1.3% of the current ...
In a recent announcement, Ronin officially declared that its treasury, Ronin Treasury, will commence a buyback of RON tokens on the public market starting on September 29. The treasury currently holds assets exceeding $5 million, including 890 ETH and 650,000 USDC, all of which will be exchanged for RON, representing approximately 1.3% of the current circulating supply of RON.
Ronin stated that this move aims to reduce market circulation, increase treasury reserves, and strengthen ties with ecosystem builders and token holders. The official emphasized that the treasury will only engage in one-way buybacks and will not sell RON tokens.
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Link: Ronin Treasury to Launch RON Token Buyback on September 29, Accounting for Approximately 1.3% of Circulating Supply [Copy]
