RON Crypto to Go Parabolic as Ronin Reveals Token Burns: Time to Buy?

Core Insights - Ronin, the blockchain behind Axie Infinity, is initiating a buyback plan for its RON token, starting on September 29, with an estimated $4.5-$5 million to be converted from its Treasury into RON, representing about 1.3% of the circulating supply [1][2] Group 1: Buyback Plan - The buyback will be executed on-chain with third-party market makers, and no RON sales are planned [2] - The buybacks are framed as part of Ronin's "homecoming" to Ethereum as a layer-2 chain, aiming to align holders and builders for long-term growth [3] - The buyback period will last for about a month, with the impact depending on price levels and validator-approved schedules [4] Group 2: Market Impact - Following the announcement, RON's price increased by approximately 8%, trading near $0.53, with a daily volume exceeding $29 million [2] - The token recorded a 24-hour trading range between $0.487 and $0.541, indicating heightened market activity [2] - The combination of buybacks and structural burns is generating discussions among traders regarding RON's potential as a strong investment opportunity [4] Group 3: Tokenomics and Future Projections - The recent "Cerastes" upgrade introduced EIP-1559-style gas mechanics, which burn a portion of fees while directing another share into the Treasury, creating dual deflationary pressure [2][3] - Messari estimates that the new setup could accrue as much as 3 million RON per year with steady usage, contributing to the overall deflationary effect [3] - Analysts suggest that tokens that recycle revenue into their supply have performed well, positioning Ronin favorably within this trend [5]