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Ronin Plans $5M Buyback to Reduce RON SupplyRonin Treasury has initiated a buyback process to exchange all of its ETH (890 units) and USDC (650,000 units) into RON over a month starting September 29. This move is part of a larger strategy by Ronin’s leadership to reduce RON’s market circulation and increase strategic reserves.
Market players are observing the move with interest, noting potential impacts on Ethereum and USDC liquidity given the treasury’s full conversion to RON. Jeffrey Zirlin emphasized transparency, ensuring the market that this operation would not lead to RON outflows. The broader reaction has been modestly positive, with community sentiments focused on potential gains in RON valuation due to reduced availability.
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