ERA Token Soars 700% After Major Exchange Listings, Then Retraces Amid $881M Trading Surge

ERAUSDT experienced significant volatility following its recent listings on major exchanges, including Binance, Bitget, and Bybit, which drove a surge in trading activity and price. The initial price spike—rising over 700% from approximately $0.20 to a high of $2.06—was primarily attributed to the token’s debut on these platforms, the ERA airdrop, and associated rewards programs, generating heightened market interest and substantial trading volumes. However, after the initial surge, the price has retraced, with the current Binance price at $1.2740, reflecting a 24-hour decline of 17.51% from the previous open of $1.5444. Trading volume remains elevated, with 24-hour figures ranging from $424 million to $881 million and a market capitalization estimated between $199 million and $250 million, underscoring continued active participation and volatility in the market.