Caldera just made a big splash. The ERA token shot up by 121% to hit an intraday high of $1.88 on Friday, July 18, pushing its market cap to a cool $278 million. If that doesn’t get your attention, I don’t know what will.
So, what’s fueling the hype? Well, Caldera just secured listings on some of the biggest exchanges out there, Binance (hello, world’s largest exchange by volume), Coinbase (the top dog in the U.S.), and Upbit (the undisputed leader in South Korea). That’s a major flex for any token. And it’s not just those big names, Bybit, KuCoin, Gate, MEXC, Bitget, and Bithumb also hopped on the Caldera train, making sure the token gets maximum exposure.
Airdrops, Listings, and the Calm Before the Dip?
You know how it goes, new exchange listings = price spikes. But let’s not get too carried away, folks. While it’s thrilling to see a token like Caldera surge, history has taught us that the excitement often fades as fast as it came. You see, a lot of the early price jumps are thanks to airdropped tokens hitting the market, and once the initial hype dies down, early investors often cash in their profits. Sounds familiar, right?
Take Newton Protocol’s NEWT token, for instance. Last month, it surged by over 65% when it was listed on Binance and Coinbase, only to drop 44% shortly after. Why? Yep, you guessed it, airdropped tokens getting sold off as investors made their quick profit.
But back to Caldera. The total supply of ERA tokens is 1 billion, with 148.5 million (or 14.85%) already circulating. As part of the token generation event, 20 million ERA tokens were airdropped to Binance users. Oh, and 7% of the total supply is set aside for a community airdrop by the Caldera Foundation. These airdrops are nice for the community, but they’re also prime profit-taking material for early investors. So, will the price keep climbing, or is a drop looming?
Caldera
For those of you scratching your heads, wondering, “What exactly is Caldera?”—let me fill you in. Caldera is a blockchain infrastructure provider, offering something called “Rollup-as-a-Service.” Sounds fancy, right? It’s essentially a way for teams to build their own Layer-2 or Layer-3 blockchains without the headache of dealing with all the technical complexity. It’s like the shortcut for blockchain development.
Caldera has already powered some big names like Manta Network’s Manta Pacific, ApeChain, and Plume Network, along with plenty of custom rollups built on its platform. And now, the ERA token will fuel the Caldera ecosystem, covering things like gas payments, validator staking, and community governance. Sounds like a solid foundation, but the question remains: can it keep its momentum, or will the hype train come to a screeching halt? Stay tuned!
Gunel Ismayilova
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