How Could the Ronin Network’s Buyback Plan Impact RON Price?

Ronin Network, the blockchain platform best known for powering Axie Infinity, has announced a token buyback plan for RON from its treasury.

With RON trading at low levels, this move aims to support the token value. Many analysts expect it could spark a rally for RON and inject momentum into its ecosystem.

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How Could the Buyback Plan Impact RON Price?

According to the official statement, starting September 29, 2025, Ronin’s treasury will use its entire reserve of 895 ETH (around $4 million) and 650,000 USDC to repurchase RON from the open market. The buyback represents about 1.3–2% of the circulating supply, roughly 10 million RON.

The project’s co-founder described this move as “the first bullet in the chamber,” signaling a long-term campaign to strengthen Ronin’s ecosystem and reinforce token value.

After the announcement, RON’s price immediately jumped 15% to reach $0.56. Less than 24 hours later, however, it dropped below $0.50. The decline came as broader market capitalization fell and Bitcoin showed signs of exhaustion.

This price action highlighted the market’s complexity. Internal drivers can boost a token, but external pressures can quickly erase those gains.

Analysts Remain Optimistic About RON’s Long-Term Growth

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The buyback announcement triggered a new analysis on RON, with sentiment turning bullish.

Analyst Hydraze argued that buyback plans often drive token prices higher, especially when a project has consolidated for an extended period.

“We’ve seen how well revenue-generating tokens have done this cycle with teams that put that revenue back into the token… I started accumulating around $0.48 & the needle should start to move soon. Should be a comfy play with size from here,” Hydraze said.

Several crypto projects have recently adopted similar strategies. World Liberty Financial (linked to Trump) proposed allocating 100% of liquidity fees to buybacks. Pump.fun repurchased over $110 million worth of PUMP tokens. DeFi projects like Hyperliquid and Aave have also launched buyback initiatives.

Still, a buyback alone may not sustain price growth. Broader adoption remains crucial.

Currently, 70% of Ronin’s activity comes from Axie Infinity. Yet the game’s monthly active users have shown no growth in recent months.

Data from ActivePlayer reveals that Axie Infinity’s monthly players fell from over 2.5 million in early 2022 to under 200,000 today. Active addresses on Ronin also declined from more than 2 million in July 2024 to just 300,000.

RON may only achieve sustainable price growth if the buyback plan is coupled with efforts to attract new players into the ecosystem.