Ronin Treasury to start buying back millions of RON starting next week
The Ronin Treasury will begin a $4.6 million RON buyback starting on Sept. 29, which is expected to reduce the circulating supply of RON by 1.3%. The Ronin Treasury is looking to buy back over $4 million worth of RON tokens from the open market in a bid to reduce the circulating supply of the token, which could push up prices.
The gaming-focused blockchain Ronin Network announced on Sunday that it will begin swapping all of its Ether ETH $4,304 and USDC $0.9994 holdings for RON over the course of a month, starting on Sept. 29.
The buybacks will increase the amount of Ronin RONIN $0.5038 in the treasury and decrease the amount of Ronin tokens in circulation. There are currently 693 million out of a total 1 billion tokens circulating, giving Ronin a market capitalization of $355.7 million. The buyback scheme will “further align our ecosystem, tokenholders, and builders as Ronin evolves into a full-fledged layer-2,” the team said, adding that it will also enable more growth “as the rest of the world comes back to Web3 gaming.” The Ronin Treasury is currently worth around $5.5 million, and its largest holding is its 896 Ronin Wrapped Ether (WETH), valued at around $3.9 million. Less ETH, more RON In addition to the Ether, the treasury also contains 652,000 USDC (which will also be sold), 1.2 million RON and wrapped RON and several memecoins. The funds were accumulated through fees from the Katana DEX, Ronin Market, and Ronin Name Service over several years, it stated.
I have booked profit at $246 in $SOL yeaterday and now waiting for the dip to take entry around $210 to $220 or after breakeout at $250. Do you think $SOL will come to retest support at $220?
$ETH ETH charts predict $3.9K retest, then a 100% rally to new highs
ETH upside remains programmed thanks to record spot ETF inflows even as the altcoin’s price consolidates in the $3,900 to $4,400 liquidity zone.
Key takeaways:
Ether faces a liquidity battle between the $3,900 support and $4,400 resistance.
Record ETF inflows of 649,000 ETH highlight sustained institutional demand.
Long-term projections remain bullish, with dips toward $3,000 to $3,500 seen as setups for a rally toward $8,000.
Ether
ETH
$4,336
is entering a decisive trading week after recording its highest weekly candle close in over four years, with the price action currently caught between two critical liquidity zones, driving price fluctuations of more than 11%.
On the downside, ETH established a Monday low at $4,225, placing immediate focus on the $4,150 level, a support zone reinforced by multiple liquidity lows. Just beneath lies a fair value gap around $4,000, aligning with the 0.50–0.618 Fibonacci retracement range between $4,100 and $3,900. This confluence suggests an attractive area for swing traders to establish bids.
Trading platform Kiyotaka highlights this zone as a “giant cluster of resting bids stacked all the way down to $3.9K,” making it a critical range to watch for liquidity-driven stop hunts and potential reversals.
Ether buy bids under $4,000. Source: Kiyotaka/X
To the upside, Ether faces an immediate liquidity cluster near $4,400, the imbalance formed during the Monday lows, which may act as a near-term magnet before a potential retracement. A sustained bullish reaction at this level could propel ETH toward $4,583, a higher time-frame resistance.
A confirmed break and stabilization above this level would strengthen the case for a new all-time high in the days ahead, extending the coin’s multi-week bullish momentum.
Deflationary Burn MechanismDaily burns of 7-8 billion PEPE tokens are creating significant supply pressure while price hovers at $0.00001217. Trading volume surged 1000% following a whale acquisition of 227.8B tokens ($2.68M). These Daily burn rates signal strong commitment to value creation through scarcity.Market Drivers & OutlookThe burns represent strategic reduction of the 420.69T total supply, boosting market confidence. Recent whale activity suggests institutional interest while technical indicators maintain bullish momentum. Tokenomics details show burns work alongside redistribution mechanics to reward holders.Trading StrategyMonitor the $0.00001150 support level strengthened by supply contraction. If burns continue, price could target previous ATH of $0.00002803. Track burn wallets and whale movements while maintaining tight stop-losses given the speculative nature. Community sentiment on PEPE hashtag feed remains optimistic despite sustainability debates.