ERA’s Coinbase Debut: A Comedy of Errors and Ethereum Gas Spikes 🚀💰

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Amidst the bustling world of cryptocurrency, Coinbase, the grand stage of US-based exchanges, has unveiled a new star: ERA, the token of Caldera, an Ethereum-based rollup platform that promises to rewrite the rules of the game. 🌟

But before you get too excited, let’s not forget that ERA has already graced the stages of Upbit and Binance, with KuCoin, MEXC, Gate.io, and Bitget joining the chorus. It’s like a Broadway show that’s already toured the country, finally making its way to the Big Apple. 🎬

Coinbase Announces Caldera (ERA) Listing

In a tweet that could have been written by a 140-character poet, Coinbase announced that ERA would be trading on its platform. A few hours later, the token made its debut, paired with the almighty USD.

“Caldera (ERA) is now live on Coinbase.com & in the Coinbase iOS & Android apps with the Experimental label. Coinbase customers can log in to buy, sell, convert, send, receive, or store these assets,” the tweet read, as if it were a line from a modernist novel.

The ‘Experimental Label’ is Coinbase’s way of saying, “We’re not sure if this is a hit or a miss, but let’s see what happens.” Binance, not to be outdone, listed ERA with a ‘seed tag,’ which is like giving a plant a label that says, “This might grow, or it might just sit there.” 🌱

Despite the uncertainty, the announcement sparked a modest 9.6% price uptick, reminiscent of the 60% surge after Upbit’s listing. However, this joyride was short-lived, thanks to the ERA airdrop, which the Caldera Foundation opened for claims yesterday. 🎈

“Wallets that have successfully pre-claimed their allocations have until July 31 at midnight UTC to claim their tokens,” the foundation wrote, as if it were a deadline for a literary contest.

When a project gives away free tokens, it’s like handing out free candy on Halloween—everyone’s happy until they realize they have to eat it all at once. The flood of tokens into the market led to a 7.78% decline in ERA’s price, leaving investors with a bittersweet taste. 🍭

Despite the drop, ERA has still managed to capture the attention of investors, becoming one of the top trending cryptocurrencies on CoinGecko. It’s like a book that everyone’s talking about, even if they haven’t read it. 📚

ERA Airdrop Claims Drive Up Ethereum Gas

But the drama doesn’t end there. The ERA airdrop also had a ripple effect on the broader Ethereum network, causing a spike in gas fees. Gwei, the unit of measurement for gas prices, shot up to 36.7, as if the network was trying to say, “You want free tokens? You’ll pay for it.” 💸

“Binance’s new coin ERA airdrop claim has pushed Ethereum Gwei up to 36.7,” an analyst posted, as if reporting on a natural disaster.

According to the latest data from Ultra Sound Money, the claim contract burned 113.04 ETH in the past 24 hours, worth over $412,000. It’s like a bonfire of the vanities, but with digital tokens. 🔥

The surge in gas fees is a testament to the popularity of the ERA airdrop. As claims continue, the selling pressure may rise, but once the airdrop concludes, the market might find a more stable footing. It’s a story of highs and lows, much like life itself. 📈📉

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2025-07-18 10:53