The Ronin Network is launching a $4.6 million RON token buyback program starting September 29, aiming to convert all treasury Ethereum and USDC holdings into tokens.
This move follows recent buying interest in RON, which surged 11% to $0.54 after the announcement before settling at $0.51.
The token remains down over 88% from its March 2024 all-time high of $4.45, despite the current buying activity.
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