Ronin Buyback Plan: $4M Move Could Boost RON by 2%

Key Points

• Ronin Network to repurchase ~10M RON using 895 ETH and 650K USDC
• Buyback covers 1.3–2% of RON’s circulating supply
• RON price briefly spiked 15% to $0.56 before falling
• Analysts see buyback as bullish, but long-term growth needs adoption

Ronin Network, the Ethereum sidechain behind Axie Infinity, has launched a bold initiative to restore confidence in its ecosystem, a Ronin Buyback Plan worth nearly $4 million.

Starting September 29, 2025, the network will use 895 ETH and 650,000 USDC from its treasury to repurchase approximately 10 million RON from the open market.

RON Buybacks: Unleashing the Ronin Treasury

Ronin’s sleeping giant is waking up.

Over the past four years, the Ronin Treasury has accumulated a massive trove of tokens.

This silent stockpile has been growing in the shadows for too long.

We’re ready to unleash the beast.

On… pic.twitter.com/CLVSAkdDDH

— Ronin (@Ronin_Network) September 21, 2025

This accounts for 1.3–2% of RON’s circulating supply, a move designed to support price stability and send a strong signal to investors.

“This is the first bullet in the chamber,” stated Ronin’s co-founder, hinting at a long-term plan to improve token economics and ecosystem strength.

The market initially responded with optimism, RON price jumped 15%, reaching $0.56 within hours of the announcement. However, the rally didn’t last long.

$RON Buyback

It’s happening.

The Ronin Treasury is unique since it gets a portion of all dex and nft volume on Ronin.

These funds are now being directed to accumulate RON onchain.

The Treasury has enough funds right now to accumulate ~ 2% of the total circulating supply.… https://t.co/TYEFthFb5b

— Jihoz.ron (@Jihoz_Axie) September 21, 2025

As broader crypto markets pulled back, RON quickly dropped below $0.50, showing how macro trends can overpower internal bullish triggers.

The introduction of a Ronin Buyback Plan represents a rare proactive effort in a time when many altcoin projects are struggling to maintain relevance. With other tokens like Bitcoin Cash hitting $600 during recent rallies, altcoins are back in the spotlight, and Ronin wants in.

RON Price Before And After The Buyback Announcement. Source: TradingView – Techtoken

Experts Say Ronin Buyback Plan Is a Positive Signal

The launch of the Ronin Buyback Plan has sparked a wave of optimistic analysis within the crypto community.

Popular analyst Hydraze highlighted how buybacks are often an early sign of a project re-aligning with investor interests. “Revenue-backed tokens with clear buyback models have consistently outperformed,” he noted. “I started accumulating at $0.48,  it’s looking like a comfy play from here.”

The plan follows a growing trend among Web3 projects:

• Pump.fun repurchased over $110 million in PUMP tokens

• World Liberty Financial redirected 100% of liquidity fees to buybacks

• DeFi leaders like Aave and Hyperliquid launched similar initiatives

These strategies often have the short-term effect of reducing sell pressure and creating supply shocks, both of which can push prices higher.

We’ve seen how well revenue generating tokens have done this cycle with teams that put that revenue back into the token.

Ronin have amassed quite a treasury & from Sept 29th will start putting that ~$4.5M into $RON token buy backs.

I started accumulating around $0.48 & the… pic.twitter.com/UQiPnSNgg2

— Hydraze 🏴‍☠️ (@Hydraze420) September 21, 2025

This is especially true in a market that’s becoming more attractive to investors focused on low-risk DeFi projects and passive yield opportunities.

However, most analysts agree that while a Ronin Buyback Plan is a bullish development, it’s not enough on its own. The token’s long-term value depends on reviving real user activity, particularly beyond the Axie Infinity ecosystem.

RON Still Faces Challenges From Shrinking User Base

While the Ronin Buyback Plan may offer short-term relief, real traction will require renewed network activity, something Ronin is currently lacking.

More than 70% of activity on the Ronin chain still comes from Axie Infinity, a game that has seen its user numbers decline significantly. In early 2022, Axie Infinity boasted over 2.5 million monthly players. Today, it struggles to maintain 200,000.

Ronin Network just announced a $RON buyback🚨

They will spend $4.5M from the treasury to buy back tokens starting September 29.

Here’s everything you need to know:

RON now has a market cap of $370M, with 693M tokens circulating, about 69% of the total supply.

Before the news,… pic.twitter.com/2VHnfoeOqn

— StarPlatinum (@StarPlatinumSOL) September 21, 2025

Even more concerning, active wallet addresses on Ronin dropped from over 2 million in July 2024 to just 300,000 in September 2025. These numbers suggest that the network isn’t attracting new users or developers, a worrying trend for a chain that once led the GameFi movement.

The future success of the Ronin Buyback Plan depends largely on reversing this decline. If the buyback is followed by new game launches, developer incentives, and strategic partnerships, RON could see more sustainable upward momentum.

Without that, the buyback risks being a temporary patch, not a permanent fix.

Axie Infinity’s monthly players. Source: ActivePlayer – Techtoken

Can Ronin Buyback Plan Spark a Broader Web3 Comeback?

The Ronin Buyback Plan isn’t just about token price, it could be a pivotal moment in the platform’s broader attempt to regain its position in the Web3 gaming space.

Once considered a pioneer in blockchain gaming, Ronin has seen newer chains like Immutable X, Arbitrum Nova, and Beam eat into its market share. These competitors are actively onboarding high-quality games, signing brand partnerships, and funding game studios.

Ronin, by contrast, has remained largely tethered to Axie Infinity, whose decline has dragged the chain’s performance down with it.

If Ronin wants to reclaim its leadership, it must diversify its ecosystem. That means onboarding new titles, supporting third-party developers, and improving infrastructure for game builders.

The Ronin Buyback Plan could act as the catalyst for this shift, but only if it’s backed by strong ecosystem development, not just financial engineering.

There’s growing excitement around crypto airdrop opportunities from up-and-coming Web3 projects, and if Ronin can tie airdrops to game engagement or staking, it could spark renewed activity.

Other platforms like Kalshi are already gaining traction in prediction markets, and investor capital is starting to flow again, as seen in recent whale movements triggered by Fed signals.

As the broader crypto market stabilizes, the chains that survive will be those that create real utility and community engagement. With this buyback, Ronin has taken its first step, now it needs to build on it.