The Ronin Treasury has announced it will commence a significant token buyback program starting September 29, 2025, utilizing $5 million worth of ETH and USDC reserves to purchase RON tokens from the open market. This initiative targets approximately 1.3% of RON's circulating supply, which currently stands at 693 million tokens out of a total 1 billion.
The buyback will be funded through the treasury's holdings of 896 WETH (worth approximately $3.9 million) and 652,000 USDC. These funds were accumulated over several years from fees generated by Katana DEX, Ronin Market, and Ronin Name Service. The treasury has stated it has no plans to sell any of the repurchased tokens.
Ronin leaders Trung Nguyen and Aleksander Larsen emphasized that this move aims to "further align our ecosystem, tokenholders, and builders as Ronin evolves into a full-fledged layer-2" network. The announcement has already generated positive market reaction, with RON prices spiking 11% to $0.54 following the news before settling at $0.51.
This development comes as Ronin prepares for its return to Ethereum as a layer-2 network, marking what the team calls "Ronin's Homecoming to Ethereum." The network, which originally spun off from Ethereum in 2021 for better performance, seeks to reintegrate with Ethereum's growing ecosystem despite past challenges including a $600 million hack in March 2022 that reduced total value locked from $1.2 billion to current levels around $56 million.
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