Caldera's ERA token faces a major supply unlock on July 17, risking price pressure amid uncertain token release size.

On July 17, Caldera's ERA token will undergo a significant supply unlock that could increase tradable tokens by 12.6% to over 50% of its market cap, depending on data sources. This large float expansion may pressure the price if demand does not match the new supply, affecting traders, builders, and stakeholders. Market reaction will depend on how the new tokens are distributed, the presence of token sinks like staking or governance, and ongoing project developments. Investors should watch price behavior, volume, and team updates post-unlock to gauge long-term impact.