SOXS just printed a 96.5% spike with the VIX at 18.90. That has never happened

"... SOXS is a 3x inverse fund tied to the semiconductor index. A 96.5% rise means the underlying index fell hard and fell fast. Damage of that scale ..."

Could this be tied to the 7.1 Earthquake that hit Japan a few hours ago?

In one word: LIQUIDITY