Ronin to conduct token buyback worth US$4.6 million

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Summary

Ronin announced a token buyback plan worth US$4.6 million.
It said the foundation will swap all its holdings of Ethereum (ETH) and USDC for RON.
It stated that RON is currently trading at $0.4839, down 1.77% from 24 hours ago.

Ronin (RON), an EVM-based blockchain for P2E games, announced a token buyback plan.

On the 22nd (local time), Ronin said on its official X (formerly Twitter), "On the 29th (local time) the foundation plans to swap all of its holdings of Ethereum (ETH) and USDC for RON," adding, "a token buyback worth US$4.6 million will be carried out."

As of 5:13 PM, according to CoinMarketCap, RON is trading at $0.4839, down 1.77% from 24 hours ago.

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