Overview

• Sky Mavis plans to convert 890 ETH and 650,000 USDC—about $4.5–$5 million—into RON over roughly one month.
• All purchases will be executed on-chain through third-party market makers, and the team says no RON sales are planned.
• At current figures, the planned conversion equals about 1.3% of the circulating supply of roughly 693 million RON.
• The initiative complements March’s Cerastes upgrade, which burns a base gas fee and channels a share of network fees to the Treasury.
• RON rose about 8% to trade near $0.53 with 24-hour volume around $29 million after the announcement, with actual impact dependent on price, slippage, and validator-approved scheduling.