Caldera’s ERA Token Skyrockets 120% After Major Exchange Listings

ERA Token Surges Following Launch on Top Cryptocurrency Exchanges

Caldera’s native cryptocurrency, ERA, experienced an explosive rally on Friday, July 18, surging by 121% to hit an intraday peak of $1.88. This remarkable price movement propelled Caldera’s market capitalization to around $278 million, as reported by crypto.news.

The primary catalyst behind ERA’s bullish run was its recent listings on several industry-leading cryptocurrency exchanges, including Binance, Coinbase, and Upbit. Binance is recognized as the largest crypto exchange worldwide by trading volume, while Coinbase leads the market in the United States, and Upbit dominates the South Korean market.

Further increasing liquidity and exposure, secondary exchanges such as Bybit, KuCoin, Gate, MEXC, Bitget, and Bithumb have also added ERA to their platforms. These major listings significantly expand ERA’s global reach, attracting attention from crypto investors and traders alike.

Tokenomics and Community Engagement Fuel Growth

ERA’s rally was further supported by recent token events. On July 17, Caldera hosted its token generation event, setting the total supply at 1 billion ERA. Of these, 148.5 million ERA tokens—equivalent to 14.85% of the total supply—entered circulation.

In an effort to build community engagement, 20 million ERA tokens were distributed to eligible Binance users through an airdrop campaign. Additionally, 7% of the total token supply has been allocated for a community airdrop, which is administered by the Caldera Foundation. The pre-claim phase for this airdrop began on July 10, giving early ecosystem supporters and contributors priority access.

What Happens After the Exchange Listing Surge?

It’s common in the cryptocurrency market for tokens to see dramatic price spikes immediately after exchange listings, often followed by sharp corrections as initial excitement fades and early investors realize profits from airdrops. For example, last month the NEWT token from Newton Protocol saw its price jump over 65% after debuting on Binance and Coinbase, only to drop by 44% soon after as selling pressure increased.

What is Caldera?

Caldera is a pioneering blockchain infrastructure provider, celebrated for its "Rollup-as-a-Service" offering. This innovative solution enables teams to effortlessly launch their own Layer-2 or Layer-3 blockchains without grappling with technical complexities. Caldera’s technology underpins leading projects such as Manta Network’s Manta Pacific, ApeChain, Plume Network, and numerous custom rollups, demonstrating its versatility and reliability in the blockchain ecosystem.

The ERA token is designed to drive Caldera’s ecosystem, facilitating cross-chain gas payments, validator staking, and decentralized governance led by its community.

As Caldera’s infrastructure gains more traction, ERA’s price action and ecosystem development will remain in focus for crypto investors seeking exposure to promising blockchain utility projects.