{"id":291945,"date":"2023-01-24T19:52:37","date_gmt":"2023-01-24T19:52:37","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=291945"},"modified":"2023-01-24T20:58:51","modified_gmt":"2023-01-24T20:58:51","slug":"ronin-surges-by-20-in-a-day-amid-upcoming-token-unlock","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/ronin-surges-by-20-in-a-day-amid-upcoming-token-unlock\/","title":{"rendered":"Ronin surges by 20% in a day amid upcoming token unlock"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Ronin (RON) has surged by 20% in the last 24 hours, about two days before its token unlock.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ronin network will add 22.19 million RON worth currently $15.83 million (14.96% of the market cap) during the token unlock event scheduled for January 27, according to DropsTab insights. There will be two rounds of token unlocking, with Sky Mavis releasing 15.85 million RON and ecosystem fund unlocking 6.38 million RON.\u00a0 <\/span><\/p>\n<p><span style=\"font-weight: 400;\">As a result of a <a href=\"https:\/\/cryptoslate.com\/axie-infinity-developers-ronin-network-loses-615-million-to-hackers\/\">hack that siphoned $615 million<\/a> from the Ronin network last year, the coin dropped massively. The price of RON fell from $2.26 to $1.10 within a month after the attack &#8211; a 53% decline.\u00a0 <\/span><\/p>\n<p><span style=\"font-weight: 400;\">After Terra-Luna collapsed, its price declined even further, losing more than 90% of its value from ATH in just a few months.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, regarding the current price rally, some community members <a href=\"https:\/\/twitter.com\/0xKingster\/status\/1617510186708774912\">believe<\/a> that upcoming RON staking after mainnet\u2019s DPoS migration is a \u201cmajor catalyst.&#8221; The announcement of <a href=\"https:\/\/roninblockchain.substack.com\/p\/sky-mavis-adds-google-cloud-as-ronin\">Google Cloud as a Ronin validator<\/a> during Axiecon last September and a pending mainnet migration might also contribute to the rally.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With a market cap of $105.91 million and a self-reported circulating supply of 148,339,298 RON, Ronin is currently trading at $0.7117.<\/span><\/p>\n<h2>Token unlocks<\/h2>\n<p><span style=\"font-weight: 400;\">A bullish sentiment has dominated the start of the new year, with Bitcoin <a href=\"https:\/\/cryptoslate.com\/bitcoin-continues-price-rally-posts-best-january-returns-since-2013\/\">up 39%<\/a> since January 1. With token unlock events going live, some prominent altcoins are also gaining ground, with BTC prices rising.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/cryptoslate.com\/coins\/axie-infinity\/\">Axie Infinity (AXS)<\/a>, based on Ronin, surged by 40% before releasing $64 million worth of AXS-locked tokens. <\/span><span style=\"font-weight: 400;\">The decentralized derivatives exchange <a href=\"https:\/\/cryptoslate.com\/coins\/dydx\/\">dYdX<\/a>&#8216;s cryptocurrency gained more than 60% this month before its token unlocking event on Feb. 2.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">By gaining more than $250 billion since Jan. 1, cryptocurrency market capitalization has crossed the $1 trillion mark, with speculative altcoins playing a part.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ronin (RON) has surged by 20% in the last 24 hours, about two days before its token unlock. Ronin network will add 22.19 million RON worth currently $15.83 million (14.96% of the market cap) during the token unlock event scheduled for January 27, according to DropsTab insights. There will be two rounds of token unlocking, [&hellip;]<\/p>\n","protected":false},"author":1393,"featured_media":291965,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77873,76844,76736,6849],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ronin surges by 20% in a day amid upcoming token unlock<\/title>\n<meta name=\"description\" content=\"There will be two Ronin token unlocking rounds, with Sky Mavis releasing 15.85 million RON and ecosystem fund releasing 6.38 million RON.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/ronin-surges-by-20-in-a-day-amid-upcoming-token-unlock\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ronin surges by 20% in a day amid upcoming token unlock\" \/>\n<meta property=\"og:description\" content=\"There will be two Ronin token unlocking rounds, with Sky Mavis releasing 15.85 million RON and ecosystem fund releasing 6.38 million RON.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/ronin-surges-by-20-in-a-day-amid-upcoming-token-unlock\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-24T19:52:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-24T20:58:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/01\/ronin.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Soumen Datta\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Soumen Datta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/ronin-surges-by-20-in-a-day-amid-upcoming-token-unlock\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/ronin-surges-by-20-in-a-day-amid-upcoming-token-unlock\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/soumen-datta\/#person\",\"name\":\"Soumen Datta\",\"url\":\"https:\/\/cryptoslate.com\/author\/soumen-datta\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/soumen-datta\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/soumen-datta\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/cs-soumen.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/10\/cs-soumen.jpg\",\"caption\":\"Soumen Datta\"},\"jobTitle\":\"Journalist\",\"description\":\"Soumen is a dedicated researcher and writer in the field of cryptocurrencies, DeFi, NFTs, and GameFi projects. 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