Ronin Treasury will initiate the RON buyback on September 29, accounting for approximately 1.3% of the circulating supply

ChainCatcher news, Ronin officials announced that its treasury (Ronin Treasury) will start repurchasing RON tokens on the open market from September 29. The treasury currently holds over 5 million dollars in assets, including 890 ETH and 650,000 USDC, which will all be exchanged for RON, accounting for approximately 1.3% of the current circulating supply of RON.

Ronin stated that this move aims to reduce market circulation, increase treasury reserves, and create a stronger bond with ecosystem builders and token holders. The officials emphasized that the treasury will only conduct one-way repurchases and will not sell RON.