BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

Ronin RON Dumped 30% and Here is Why

by Michael Juanico
February 6, 2024
in CRYPTO, GAMING, METAVERSE
Reading Time: 2 mins read
A A
1
SHARES
24
VIEWS
Share on XShare in TelegramShare on Reddit
  • Ronin (RON) saw its price plunge nearly 30% after being listed on Binance, erasing previous gains made following the listing
  • Negative investor sentiment shifted dramatically, with social volume spiking 254% and negative sentiment jumping from 0.87 to 5.58, likely contributing to the flood of selling
  • Allegations surfaced that Binance manipulated the price, though co-founder Yi He offered a bounty for info on staff involvement, showcasing a commitment to fairness

Ronin (RON) saw a dramatic price drop right after being listed on Binance, erasing its previous gains and falling nearly 30% in 24 hours. The initial listing led to a surge in interest and network activity, but selling pressure quickly mounted. This article examines the events behind the coin’s sudden decline.

JUST IN: Ronin $RON dumped 30% post Binance listing following its 4-month 800% pump pic.twitter.com/4zge1d23ba

— BlockNews.com (@blocknewsdotcom) February 6, 2024

Price Hits New High Then Falls Sharply

Following a recovery that briefly pushed Ronin above $3 for the first time in two years, the token encountered strong resistance. Despite reaching a peak of $3.538, RON then retreated below $2.62 – losing all its recent gains. The sharp drop also pushed Ronin’s market cap below $1 billion.

Investor Sentiment Turns Negative

According to Santiment, social volume surrounding Ronin surged 254% while negative sentiment jumped from 0.87 to 5.58. This indicates a dramatic shift in investor outlook, likely contributing to the flood of selling. Trading volumes soared 275% to $203 million as holders rushed to sell amid the negativity.

Allegations of Manipulation Surface

The price volatility led some to allege manipulation by Binance. However, co-founder Yi He offered a bounty for information on staff involvement, showcasing a commitment to fairness. The reasons for the sudden decline after listing remain complex.

Conclusion

While the Binance listing initially drove up interest in Ronin, sellers soon took control – erasing gains and pushing RON down 30% in a day. Shifting sentiment likely contributed to the coin’s collapse, though the causes are still debated. Either way, Ronin’s dramatic price swing highlights the volatility of newly listed assets.

Tags: BinancecryptoronRonin
TweetShareShare

DON'T MISS THESE! HOT OFF THE PRESS

Early Bitcoiners Skeptical as Institutions Tighten Grip on $116K BTC
BITCOIN

Early Bitcoiners Skeptical as Institutions Tighten Grip on $116K BTC

August 22, 2025
Chainlink’s Battle With Long-Term Resistance Could Spark a Breakout Toward $73, if THIS Happens
CHAINLINK

Chainlink’s Battle With Long-Term Resistance Could Spark a Breakout Toward $73, if THIS Happens

August 22, 2025
Solana Memecoin TROLL Blasts Past $270 Million Market Cap: Is $1 Billion Possible in 2025?
CRYPTO

Solana Memecoin TROLL Blasts Past $270 Million Market Cap: Is $1 Billion Possible in 2025?

August 22, 2025
Bitcoin Maxi Davinci Jeremie Calls Shiba Inu’s $1 Dream a Fantasy
BITCOIN

Bitcoin Maxi Davinci Jeremie Calls Shiba Inu’s $1 Dream a Fantasy

August 22, 2025
Cardano’s Bullish Setup Gains Momentum as Whales Accumulate and Hydra Expands
CARDANO

Cardano’s Bullish Setup Gains Momentum as Whales Accumulate and Hydra Expands

August 22, 2025
Dogecoin Holds at Key Support as Multiple Bullish Patterns Build
CRYPTO

Dogecoin Holds at Key Support as Multiple Bullish Patterns Build

August 22, 2025
Load More

Related News

Early Bitcoiners Skeptical as Institutions Tighten Grip on $116K BTC

Early Bitcoiners Skeptical as Institutions Tighten Grip on $116K BTC

August 22, 2025
Chainlink’s Battle With Long-Term Resistance Could Spark a Breakout Toward $73, if THIS Happens

Chainlink’s Battle With Long-Term Resistance Could Spark a Breakout Toward $73, if THIS Happens

August 22, 2025
Solana Memecoin TROLL Blasts Past $270 Million Market Cap: Is $1 Billion Possible in 2025?

Solana Memecoin TROLL Blasts Past $270 Million Market Cap: Is $1 Billion Possible in 2025?

August 22, 2025
Bitcoin Maxi Davinci Jeremie Calls Shiba Inu’s $1 Dream a Fantasy

Bitcoin Maxi Davinci Jeremie Calls Shiba Inu’s $1 Dream a Fantasy

August 22, 2025
Trump Slams Jerome Powell Over “Too Late” Rate Cut Signals: Is This Bullish or Bearish?

Trump Slams Jerome Powell Over “Too Late” Rate Cut Signals: Is This Bullish or Bearish?

August 22, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve Finance FTX grayscale Memecoin metaverse Microstrategy NFT NFTs opinion PEPE ripple sec Shiba Inu Solana Stablecoin Web3 X xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.