Ronin is about to launch buybacks, converting its ETH and USDC reserves into $RON starting Sept 29.
At today’s levels that’s around 1.3% of the circulating supply being pulled off the market and absorbed into the @Ronin_Network Treasury.
We saw what happened with HYPE when buybacks kicked off, and the setup here feels just as strong, if not stronger.
This is bullish for price action. Supply gets tighter while conviction from the Treasury is crystal clear, creating the perfect conditions for upward momentum.
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