Quick Summary$ERA #COLDERA @Caldera Official #colderaxy
Caldera's token (ERA) faced downward pressure of -21% over the past week due to sell-offs after the airdrop and derivative activity, despite positive signs from its listing on trading platforms and institutional interest.
Price dropped by -9.5% on July 30 due to sell-offs related to the airdrop
Listing of ERA perpetual contracts on Coinbase International on July 24 increased price volatility.
The listing of the token on Binance and Coinbase on July 17-18 led to a price increase of +64% before a correction.
Detailed Analysis
1. Market Indicators and Volatility
ERA's price dropped by 9.5% on July 30 as 70 million tokens from the airdrop that occurred on July 17 entered the market (Coingabbar). Financial derivatives contributed to increased volatility, as the launch of perpetual futures contracts on Coinbase International on July 24 coincided with a price decline of 30% from its peak of $1.80 after listing. The current price ($1.12) is 38% lower than its all-time high recorded on July 18.
2. Exchange Listings and Liquidity
The main factors that affected the price were:
July 17: Listing of the token on Binance, KuCoin, and Huobi HTX
July 18: Listing of the token in spot trading on Coinbase with a test tag.
July 24: Launch of perpetual futures contracts on Coinbase
Trading volume reached $1.89 billion in 24 hours on July 31, but the turnover rate (11.35) indicates relatively weak liquidity, increasing price volatility.
3. Technical Developments
Caldera is advancing its infrastructure based on Ethereum-compatible aggregators with the potential for cross-network communication, having achieved significant adoption milestones:
More than 50 live aggregations until July 18 (Bitget)
Total Value Locked (TVL) between $400 to $600 million across different networks (Binance)
Summary
Despite the growth of ERA's infrastructure, sell pressure resulting from token distribution negatively impacts the price. Platform support reflects confidence in the technology, but the presence of 85.15% of the total supply (1 billion tokens) locked poses a future challenge.
Will developer adoption be able to overcome the impact of token unlocks during Q3 of 2025?
