{"id":16270,"date":"2025-09-22T06:18:42","date_gmt":"2025-09-22T04:18:42","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=16270"},"modified":"2025-09-22T06:18:42","modified_gmt":"2025-09-22T04:18:42","slug":"ronin-treasury-unveils-exciting-ron-buyback-initiative","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/09\/22\/ronin-treasury-unveils-exciting-ron-buyback-initiative\/","title":{"rendered":"Ronin Treasury Unveils Exciting RON Buyback Initiative"},"content":{"rendered":"

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The Ronin Treasury is aiming to repurchase over $4 million in RON tokens from the open market to diminish the circulating supply of the token, potentially resulting in price increases.<\/p>\n

The gaming-centric blockchain Ronin Network declared<\/a> on Sunday that it shall commence converting all its Ether (ETH<\/a>) and USDC (USDC<\/a>) reserves into RON over a month-long period, beginning on Sept. 29.<\/p>\n

The repurchases will augment the quantity of Ronin (RON<\/a>) in the treasury while reducing the quantity of Ronin tokens available on the market. Presently, 693 million out of a total of 1 billion tokens are circulating, positioning Ronin<\/a> with a market valuation of $355.7 million.\u00a0<\/p>\n

The repurchase initiative will \u201cfurther unify our ecosystem, token holders, and developers as Ronin transitions into a comprehensive layer-2,\u201d the team proclaimed, noting that it will also facilitate more expansion \u201cas the global landscape returns to Web3 gaming.\u201d<\/p>\n

The Ronin Treasury<\/a> is presently valued at about $5.5 million, with its most substantial holding being 896 Ronin Wrapped Ether (WETH) worth approximately $3.9 million.<\/p>\n

Less ETH, more RON<\/h2>\n

In addition to Ether, the treasury also holds 652,000 USDC (which will likewise be liquidated), 1.2 million RON, wrapped RON, and several meme coins.<\/p>\n

The resources were amassed through fees from the Katana DEX<\/a>, Ronin Market, and Ronin Name Service over several years, it mentioned.<\/p>\n

The buyback constitutes around 1.3% of RON\u2019s existing circulating supply, and the treasury has no intentions of liquidating any.<\/p>\n

Ronin Treasury buyback initiatives. Source: <\/em>Ronin Network<\/em><\/a>
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Ronin returns to Ethereum\u00a0<\/h2>\n

Ronin revealed its revival in August, indicating that it is reemerging as a layer-2 network on Ethereum.<\/p>\n

Related: <\/strong><\/em>Creator of Axie Infinity, Ronin network returns to Ethereum as L2<\/strong><\/em><\/a><\/p>\n

The chain was initially spun off from the Ethereum mainnet in 2021 as it pursued enhanced network speeds and lower transaction costs for its non-fungible token (NFT<\/a>) Web3 game<\/a>, Axie Infinity.<\/p>\n

The team has now observed the ascendance of Ethereum and aims to be a part of that progress. \u201cRonin\u2019s Homecoming to Ethereum is imminent. Wall Street is entering our sector,\u201d it articulated.<\/p>\n

The network has seen a decline since the Ronin Bridge sidechain was breached<\/a> for $600 million in March 2022, which was the most significant crypto hack in the industry at that moment.<\/p>\n

Total value locked plummeted from approximately $1.2 billion in early 2022 to current figures around $56 million, according<\/a> to DeFillama.<\/p>\n

RON price reacts<\/h2>\n\n

RON is presently down more than 88% from its all-time peak of $4.45 in March 2024 and has remained relatively stable over the past six months.<\/p>\n

RON has remained stable since April. Source: TradingView<\/em><\/figcaption><\/figure>\n

Magazine: <\/strong><\/em>Pudgy Penguins\u2019 \u2018masterpiece\u2019 Pudgy Party surpasses 500K downloads: Web3 Gamer<\/strong><\/em><\/a><\/p>\n