The Ronin blockchain, developed by Axie Infinity's creators Sky Mavis, has managed to maintain the momentum of the RON token rally from the past quarter, even after a tumultuous introduction on the Binance cryptocurrency exchange.

On February 5, the Ronin tokens experienced a sharp drop of over 40% to $2.52, following a 28% increase in the previous week, with a current trading value of $2.63.

Before the token's listing on Binance, a surge in RON accumulation was observed through blockchain scanners and alleged leaked communications from Binance, leading to speculative insider purchases.

This was shortly followed by a rapid sell-off post-listing, causing a significant drop in the token's price.