Ronin’s $4M Repurchase: Restoring Confidence After the Hack, Combating Loss of Users

Ronin Network, a blockchain infrastructure mainly serving the

gaming ecosystem, has revealed a token repurchase plan designed to decrease the available supply of its native token. This program, scheduled to launch on September 29, 2025, will utilize $4 million from its treasury—consisting of 895 ETH and 650,000 USDC—to buy RON tokens from the market. The buyback is projected to account for about 1.3–2% of the current circulating supply, or roughly 10 million RON tokens Ronin Network Announces Major Buyback Plan – RON Price … [ 1 ]. This action reflects the team’s belief in the token’s future value and their intention to align with the interests of the ecosystem as Ronin transitions into a comprehensive layer-2 platform .

This buyback comes after a period of significant market swings and an overall downturn in the crypto industry. Following the announcement, RON’s price jumped 15% to $0.56, before dropping below $0.50 as wider market factors, such as a declining

price, erased early gains Ronin Network Announces Major Buyback Plan – RON Price … [ 1 ]. Experts attribute the initial price movement to a combination of internal optimism and external economic pressures. Hydraze, a well-known crypto analyst, pointed out that buybacks can boost token prices when supported by strong project fundamentals, especially for platforms with steady revenue Ronin Network Announces Major Buyback Plan – RON Price … [ 1 ]. Still, the long-term impact of the buyback will depend on broader adoption, which remains under strain.

Axie Infinity is the main driver of activity on Ronin, making up 70% of the network’s usage. According to ActivePlayer, Axie Infinity’s monthly active users have dropped from more than 2.5 million in early 2022 to under 200,000 by 2025. Likewise, Ronin’s active addresses fell from over 2 million in July 2024 to 300,000 Ronin Network Announces Major Buyback Plan – RON Price … [ 1 ]. These figures underscore the difficulty of maintaining user growth in the competitive gaming sector. While the buyback is intended to help stabilize RON’s price, analysts stress that attracting new users and expanding use cases—such as DeFi or NFT platforms—will be essential for sustained price strength .

The buyback initiative is part of a larger plan to reposition

as an Ethereum layer-2 solution. In August 2025, the team announced a “homecoming” to Ethereum, citing the network’s increasing influence in Web3 gaming. This move comes after the Ronin Bridge hack in March 2022, which led to a $600 million loss and a sharp drop in total value locked (TVL). Ronin’s TVL has decreased from $1.2 billion in early 2022 to $56 million, according to DefiLlama . The buyback aims to restore confidence by showing financial discipline and a focus on delivering value to token holders.

Across the industry, token buybacks are becoming more common. Projects such as

, Pump.fun, Hyperliquid, and have implemented similar strategies to support their token prices. However, critics warn that buybacks alone cannot resolve deeper issues like slow user growth or uneven token distribution 2025 Stock Buyback Announcements [ 2 ]. Ronin’s co-founder referred to the buyback as “the first bullet in the chamber,” indicating a multi-step approach to strengthening the ecosystem Ronin Network Announces Major Buyback Plan – RON Price … [ 1 ]. The effectiveness of this strategy will rely on whether the buyback is accompanied by clear progress in attracting users and building out infrastructure.