Ronin to Acquire RON Tokens Worth $4.5M Through Open Market Swap September 29

News, Trending

Ronin to Acquire RON Tokens Worth

  • Ronin will convert 895 ETH and 651,075 USDC into RON tokens on September 29, totaling $4.65 million.
  • The conversion equals 9,395,769 Ronin tokens, or approximately 1.3% of the token’s circulating supply.
  • Ethereum makes up over 85% of the treasury, while USDC adds a stable $651K to the allocation.

Ronin Network will begin converting its treasury into RON tokens on September 29. Records confirm the treasury holds Ethereum and USDC worth $4.5 million. The reported allocation equals 895 ETH and 651,075 USDC, scheduled for conversion through open market purchases. At current values, the ETH portion is $4,003,335, while USDC totals $651,743. Together, the assets amount to $4,655,078, equaling about 1.3% of RON’s circulating supply.

Treasury Composition and Market Values

According to a post on X by Satoshi club, Ethereum represents the dominant share of the treasury. Each ETH is priced at $4,473, giving the 895 ETH a value exceeding $4 million. This makes ETH the main resource within the conversion plan. USDC, priced at $1 per token, accounts for 651,075 units valued at $651,743. This allocation provides a stable portion of the reserve. Combined, both assets demonstrate a clear structure of volatile and stable contributions.

Source: X

The treasury has also been valued in terms of Ronin. Ethereum holdings equal 8,080,298 Ronin tokens at the conversion rate provided. USDC reserves account for 1,315,471 RON. Altogether, the combined amount is 9,395,769 Ronin tokens. This figure represents the exact token equivalent of the planned allocation. The numbers confirm the scale of RON purchases prepared for the scheduled date.

Percentage of Circulating Supply and the Structure of Asset Deployment

The $4.5 million allocation represents approximately 1.3% of RON’s circulating supply. This calculation is based on circulating float against the converted amount. The planned activity therefore equals a defined portion of the available market supply. All recorded values specify how much of the circulating market will be involved in the swap.

The records emphasize Ethereum as the major component, accounting for more than 85% of the entire pool. In comparison, USDC represents a smaller but stable share of over $650,000. This structure divides the allocation into a primary volatile asset and a stable reserve. 

The breakdown establishes how resources are distributed between Ethereum and stablecoins for the scheduled swap. The dataset confirms token totals, market values, and their equivalents in Ronin. The planned conversion shows exact figures prepared in advance of market activity.

Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0

PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed

Leave a Reply