ERA Token Soars 642% After Major Exchange Listings and Incentive Launch, Hits $1.48 With $450M Volume

Caldera (ERA) experienced a significant price surge in the last 24 hours, with the ERAUSDT pair on Binance rising from an opening price of $0.2000 to a current price of $1.4853, representing a 642.65% increase. This sharp price movement is primarily attributed to the token’s initial listing on major exchanges, including Binance, and the launch of multiple trading incentives such as airdrops, trading competitions, and reward pools. The introduction of ERAUSDT perpetual contracts with high leverage across several platforms, including Binance, Bybit, Bitget, Huobi HTX, and Phemex, further fueled trading activity and volatility. Adjustments to funding rate intervals by exchanges like Bybit and KuCoin also contributed to heightened market engagement.

Currently, ERA is trading at $1.4853 on Binance with a 24-hour trading volume exceeding 278 million ERA (over 450 million USDT), and a market capitalization of approximately $226.49 million based on a circulating supply of 148,500,000 ERA. The token has demonstrated high volatility and substantial trading volumes across major exchanges following its launch and promotional events.