ERA Token Drops 16.93% After 600% Surge Post-Listing, Trading Volume Hits $497 Million

ERAUSDT experienced a significant price decline of 16.93% over the last 24 hours, with the current price at 1.2818 USDT, down from a 24h open of 1.5431 USDT. This price correction follows an initial surge after ERA (Caldera) was listed on major exchanges, including Binance, on July 17, 2025, which drove the price up over 600% due to heightened trader interest, large-scale airdrops, and promotional campaigns such as Binance’s 200% APR Simple Earn offer. The subsequent pullback is attributed to profit-taking after the rapid price increase, high market volatility, and adjustments to perpetual contract terms by several exchanges in response to elevated trading activity.

In the past 24 hours, ERAUSDT has seen active trading with a spot volume of 131.37 million USDT on Binance and a total market volume of approximately $497 million, with the price fluctuating between $1.24 and $1.54 USDT. The market capitalization stands at around $183.43 million, based on a circulating supply of roughly 150 million ERA tokens.