--- title: "Why did Morpho go up 13.7% on October 31, 2026?" language: en canonical: "https://whycoinmoves.com/en/coins/morpho/2026-10-31" date: 2026-10-31 --- # Why did Morpho go up 13.7% on October 31, 2026? A Morpho-specific regulatory development may have helped drive the rise: a report at Oct 31, 12:21 UTC said Morpho backed a U.S. crypto-vault regulatory framework. The coin also moved much more than the wider market. A separate report at Oct 31, 11:26 UTC described strained liquidity in some Morpho markets, but does not show that this caused the token’s rise. On October 31, 2026 (UTC), MORPHO went from about $2.08 to $2.37 (+13.74%) on OKX · USDT, trading between $2.08 and $2.43. There is not enough price history yet to tell how much of MORPHO's move followed Bitcoin; the figures below describe the move, not its cause. This is MORPHO's largest 24-hour rise in 29 days. No MORPHO report was collected from the day before to the day after; the analysis below weighs older evidence. Since 2024-11-21, MORPHO has risen 10% or more in a UTC day 27 times on Gate · USDT daily closes, counting moves within 7 days of each other once. Seven days later it was higher in 14 of 27 cases, with a median change of +1.00%. This is history, not a forecast. ## What may be driving the move A Morpho-specific regulatory development may have helped drive the rise: a report at Oct 31, 12:21 UTC said Morpho backed a U.S. crypto-vault regulatory framework. The coin also moved much more than the wider market. A separate report at Oct 31, 11:26 UTC described strained liquidity in some Morpho markets, but does not show that this caused the token’s rise. - trigger · medium: A report at Oct 31, 12:21 UTC said Morpho backed a framework for U.S. crypto-vault regulation. Positive attention to the project could have supported the rise, but the report’s effect on token demand is not established. Evidence gap: No confirmed announcement details or timing link to the price move are provided. Sources: [S13]() - amplifier · low: Open interest in MORPHO swap contracts rose over the 24 hours ending Nov 1, 00:00 UTC, while funding changed from positive to slightly negative. This may indicate more active derivatives positioning and could have amplified price movement, but does not reveal which side drove it. Evidence gap: Open interest does not establish directional buying, and funding does not show that short liquidations caused or amplified the rise. Sources: [S6](), [S8]() Open question: The reports do not establish when the rise began or whether either development caused it; the available derivatives data also do not identify the direction or timing of positioning effects. Analysis generated: 2026-11-01T00:10:07.000Z; evidence window: 2026-10-31T00:09:57.000Z → 2026-11-01T00:09:57.000Z. - Day open / close: $2.08 → $2.37 (24 hourly candles, OKX · USDT) - Day range: $2.08 – $2.43 - Versus the past month: Its largest 24h rise in 29 days; +13.74% in the 24 hours to Nov 1, 2026, 00:00 UTC, 5.4× a typical day (2.5%). - 30-day range: 15.9% below the high · 20.9% above the low; From hourly highs and lows on the same venue - 24h volume: 2.1×; of its prior 30-day daily average - Where it traded: Binance 15% · XT.COM 7% · Aero Slipstream (Base) 7%; includes on-chain pools - Perpetual swap: funding negative · open interest rising; OKX perpetual swap MORPHO-USDT-SWAP Computed from OKX · USDT hourly candles for the 24 hours to Nov 1, 2026, 00:00 UTC. ## MORPHO timeline around October 31, 2026 Largest closed hourly move: +2.71%, Oct 31, 2026, 12:00–13:00 (UTC). ## How often has this happened before? Since 2024-11-21, MORPHO has risen 10% or more in a UTC day 27 times on Gate · USDT daily closes, counting moves within 7 days of each other once. Seven days later it was higher in 14 of 27 cases, with a median change of +1.00%. This is history, not a forecast. | After the move | Cases | Higher | Median change | | --- | --- | --- | --- | | Next day | 27 | 12 | -1.10% | | 7 days later | 27 | 14 | +1.00% | | 30 days later | 27 | 11 | -7.84% | Episodes: 2026-09-18, 2026-08-23, 2026-07-09, 2026-05-05, 2026-04-07, 2026-02-24, 2026-02-14, 2026-02-02, 2025-10-11, 2025-09-18 (UTC) One venue’s daily closes, before costs; the coin’s own survived history, so it says nothing about coins that no longer trade. Past episodes are not a forecast. Prices, market readings and reports are shown side by side; timing alone does not show what caused a move. ## Same-day movers · 2026-10-31 (UTC) - [Akedo (AKE) -21.50%]() - [Lisk (LSK) +19.22%]() - [Lighter (LIT) +13.80%]() - [Stacks (STX) +12.81%]() - [TRON (TRX) -9.80%]() [MORPHO price and news]() [Methods and limitations]()