MORPHO -282.54% 24-Hour Drop Amid Leveraged Inverse Mechanism

On OCT 14 2025, MORPHO dropped by 282.54% within 24 hours to reach $1.924, MORPHO rose by 1296.19% within 7 days, rose by 52.19% within 1 month, and rose by 52.19% within 1 year.

MORPHO, known formally as the iPath S&P 500 Morpho ETF, operates on a leveraged inverse mechanism, designed to deliver returns opposite to the S&P 500 index on a daily basis, with a leverage of -2. This means that MORPHO moves in the opposite direction to the S&P 500, and the movement is amplified twofold. For example, if the S&P 500 rises by 1% on a given day, MORPHO should fall by 2%. Conversely, if the S&P 500 falls by 1%, MORPHO is expected to rise by 2%. This mechanism is intended for short-term trading strategies and is not suited for long-term holding due to compounding effects from daily resets.

MORPHO’s performance on OCT 14 2025 saw an exceptional drop of 282.54% in a single day, raising questions about the accuracy of the data and the underlying market conditions that may have contributed to such a dramatic shift. The 24-hour decline is far from typical, as leveraged inverse ETFs like MORPHO are expected to move in line with a -2x multiple of the underlying index's daily performance. The reported 282.54% drop does not align with the product's defined leverage mechanism, suggesting a potential misinterpretation of data, a pricing anomaly, or an error in reporting.