Live Crypto Markets

HomeCrypto NewsRonin Treasury Initiates $4.6M RON Buyback to Reduce Circulating Supply

Ronin Treasury Initiates $4.6M RON Buyback to Reduce Circulating Supply

-

The Ronin Treasury has announced a strategic buyback initiative, set to commence on September 29, aimed at acquiring $4.6 million worth of RON tokens from the open market. This move is projected to decrease the circulating supply of RON by approximately 1.3%, reflecting a deliberate effort to enhance tokenomics and support long-term value for holders. The decision underscores Ronin’s commitment to maintaining a balanced ecosystem, particularly as the network continues to expand its gaming and decentralized application footprint. By reducing available supply, the treasury aims to foster scarcity, potentially driving positive price momentum and reinforcing investor confidence. This buyback aligns with broader treasury management strategies often employed by leading blockchain projects to optimize token distribution and stability. The initiative follows Ronin’s ongoing growth in user activity and developer engagement, highlighting its proactive approach to sustainable economic design. Market participants and stakeholders are closely monitoring the execution, anticipating potential impacts on liquidity and market dynamics in the weeks ahead.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

1inch Network Rebrands as Coinbase Adopts Its Trading API

The decentralized finance sector continues its maturation with two significant developments this week. 1inch Network, a leading DeFi aggregation protocol, has unveiled a comprehensive brand...

Bitcoin Approaches Record Highs Amid ETF Inflows, BNB Leads Layer-1 Rally

Digital asset markets maintained their upward trajectory as Bitcoin closed in on all-time highs, fueled by substantial institutional investment flows. Exchange-traded funds tracking Bitcoin recorded...

Samsung Expands Crypto Integration with Coinbase Partnership for U.S. Smartphone Users

Samsung has deepened its commitment to digital asset accessibility by integrating Coinbase's cryptocurrency purchasing capabilities into its proprietary wallet application. This strategic enhancement enables approximately...

EU Systemic Risk Board Calls for Enhanced Stablecoin Regulations Amid Liquidity Concerns

The European Systemic Risk Board (ESRB) has issued a stark warning regarding the potential vulnerabilities associated with cross-border stablecoin operations within the European Union. In...

Most Popular

spot_img