Key Takeaways:
- Ronin Treasury will begin a $4.6M RON buyback on Sept. 29 to reduce circulating supply by 1.3%.
- All ETH and USDC holdings will be converted into RON over one month to strengthen treasury reserves.
- The move aligns with Ronin’s transition back to Ethereum as a layer-2 network focused on Web3 gaming.
The Ronin Treasury will initiate a $4.6 million RON token buyback starting September 29, aiming to cut the circulating supply by about 1.3%.
Over a month, the treasury will convert its Ether (ETH) and USD Coin (USDC) holdings into RON, boosting reserves while shrinking circulation.
4/ Why buyback RON?
— Ronin (@Ronin_Network) September 21, 2025
Ronin’s Homecoming to Ethereum is approaching.
Wall Street is jumping into our industry.
Many community members have been asking about the promised RON buybacks.
The time to double-down on RON is NOW.
These buybacks will further align our ecosystem, token…
Currently, 693 million of the 1 billion RON tokens are in circulation, giving the network a market capitalization of roughly $355.7 million.
The treasury, valued at around $5.5 million, holds 896 Wrapped Ether (WETH) worth $3.9 million, 652,000 USDC, 1.2 million RON and wrapped RON, plus several memecoins.
These assets came from fees collected via Katana DEX, Ronin Market, and Ronin Name Service.
Importantly, the team stressed there are no plans to sell the repurchased tokens.
The buyback coincides with Ronin’s return to Ethereum as a layer-2, after originally splitting in 2021 to support Axie Infinity.
The network is still recovering from the $600 million Ronin Bridge hack in 2022, which drove TVL from $1.2 billion to $56 million.
After the announcement, RON’s price jumped 11% to $0.54 before settling near $0.51 – still down 88% from its $4.45 all-time high.
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