#RON

Core analysis of reasons for the rise:

Since the opening of RON staking rewards on April 12, as of statistics, approximately 120 million RONs have been pledged (and the trend continues to increase, and it is predicted to reach 140 million), which is equivalent to 60% of the circulating supply. This resulted in a sharp reduction in the circulation of RON in the market, reduced the risk of selling pressure, attracted many short-term users to enter the market and pushed up the currency price. In addition, since the whales lock RON in the pledge pool, users do not have to worry too much about the selling behavior of the whales.