#ERA 1, Token Price Drivers and Outlook**

#### **Short Term (2025Q3-Q4)**

- **Airdrop Selling Pressure Eases**: Starting from August, selling pressure is expected to alleviate, and the price may stabilize in the $1.2-$1.5 range.

- **Staking Function Goes Live**: If launched as planned, it will lock up circulating tokens, reducing market supply, which may push the price back above $1.8.

- **Ecosystem Growth Indicators**: Need to pay attention to TVL breaking $550 million, number of unique wallets (currently 1.8 million), and new chain deployment progress (such as game chain Treasure).

2. **Short-term Pressure, Long-term View on Ecosystem Integration Capability**

Today, ERA is dominated by airdrop selling pressure, with the **trend leaning downwards**, but there is technical support near $1.2. **Caldera's core prospects depend on the cross-chain adoption rate of Metalayer and the initiation of staking economics**: If by 2025Q4, TVL reaches over $1 billion with staking APY > 15%, ERA is expected to break $5; conversely, if ecosystem growth stagnates or competing technologies surpass, the token may remain under pressure in the long term. Investors need to closely monitor on-chain data (TVL/address count) and official roadmap updates.