Coinbase Lists Caldera’s ERA Token with Experimental Label Amid Airdrop-Driven Volatility and Ethereum Gas Surge

Key Points

1. Coinbase added Caldera’s ERA token with an 'Experimental' label to caution traders about its volatility, following similar listings on Binance, Upbit, KuCoin, and Gate.io.

2. The ERA token saw an initial price increase of 9.6% post-listing but later declined by 7.78% amid market adjustments.

3. The ERA airdrop triggered a surge in Ethereum gas fees, with the claim contract burning over 113 ETH ($412,000) in 24 hours.

4. High gas fees from the airdrop may deter smaller participants but are expected to stabilize as the airdrop phase concludes.

5. Coinbase’s listing expands ERA’s accessibility to retail investors, potentially enhancing liquidity and trading volume.