ERA token explodes up by 121% after being listed on Binance and Coinbase… and the market cap approaches $300 million 🚀🚀
ERA token, the cryptocurrency of the Caldera platform, jumped a remarkable 121% to reach $1.88 during trading on Friday, July 18, recording its highest daily levels and raising the project's market cap to about $278 million, according to data from crypto.news.
This strong rise was driven by the listing of the token on several of the largest cryptocurrency exchanges worldwide, most notably Binance, Coinbase, and Upbit. Other platforms such as Bybit, KuCoin, MEXC, Bitget, and Bithumb have also added support for the token, contributing to its global trading base.
The listing coincided with the token generation event (TGE) on July 17, where one billion ERA tokens were issued as the total supply, while the circulating supply currently stands at about 148.5 million tokens, equivalent to 14.85% of the total supply.
In a move to enhance adoption, Binance distributed 20 million ERA tokens to eligible users through its airdrop program. The Caldera Foundation allocated 7% of the total tokens for a community airdrop, which began its preliminary phase on July 10, targeting early participants in the project's ecosystem.
