Caldera’s ERA token jumped 75% on July 18 as new exchange listings and yield incentives triggered a fresh wave of trading. The token rose from around $1.00 to a peak of $1.88, before stabilizing near $1.50. At press time, ERA showed a 24-hour gain of over 75%, backed by more than $1.5 billion in trading volume.
The surge came after Upbit and Gate.io added ERA to their platforms, expanding access to South Korean and global retail users shortly after the Token Generation Event (TGE) concluded.
Caldera Upbit Listing Sparks 60% Price Jump in Korea
Upbit, South Korea’s largest crypto exchange by volume, listed Caldera’s ERA token on July 18 with trading pairs in KRW, BTC, and USDT. ERA’s price rose 60% within hours of the listing, driven by strong retail demand. The listing gave Caldera exposure to a key regional market, expanding beyond its earlier launch footprint on Bybit, Coinbase, KuCoin, and Bithumb.
At the same time, Gate.io launched a 7-day fixed-term staking product offering 500% APR on ERA deposits. The “ERA Ecosystem Week” campaign began July 18. This allocated 1.4 million ERA to eligible participants. According to Gate’s announcement, the staking window is limited, but serves as a short-term mechanism to encourage holding over selling.
The combination of new listing access and staking incentives reduced immediate sell-side pressure and helped support upward price action across centralized exchanges.
Earlier Boost from Binance and Bitget Campaigns
ERA’s price upward momentum began earlier in the week. On July 17, Binance designated ERA as its 27th HODLer Airdrop project, distributing 20 million ERA to eligible BNB holders. At the same time, Bitget launched a Launchpool offering 2.66 million ERA in rewards for staked BGB, BTC, and ETH. Both programs increased visibility, volume, and token distribution across major user bases prior to the Upbit and Gate activity.
These coordinated listings and reward programs across major global exchanges created sustained demand across multiple markets within 48 hours of the TGE.
Caldera had previously opened a pre-claim window for eligible airdrop participants. The window closed on July 17 at midnight UTC. Participants who interacted with Caldera-based rollups, partner ecosystems, or developer networks were able to reserve their token allocations ahead of public trading. The process was designed to filter out bots and multi-wallet farmers using Sybil protection tools.
According to the Caldera Foundation, any unclaimed tokens have been returned to the DAO treasury for future ecosystem initiatives. This step reduced immediate supply pressure and reinforced a fair distribution process ahead of exchange listings.