Ronin Network Plans to Repurchase $RON Tokens from the Market
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Ronin Network Buyback Announcement: The Ronin Network plans to swap 890 ETH and 650,000 USDC for $RON tokens, amounting to approximately $4.5 million, which represents 1.3% of the circulating supply.
Purpose of the Buyback: This buyback strategy aims to support the token's value, stabilize the price, and demonstrate the team's confidence in the long-term growth of the Ronin ecosystem, particularly in relation to blockchain gaming and DeFi.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
