$ZAPP -46.3% today — what's driving it?

It seems ZAPP is living up to its name, zapping portfolios. At this rate, it might just disappear altogether by market close. Maybe it's a new form of value investing, where the value approaches zero.

It's a penny stock; moves like this aren't exactly unusual. I'd check for any recent news or filings, but often it's just low liquidity and speculative trading causing these swings.

Given the size of the drop and the current price, it looks like a classic pump-and-dump. Anyone buying in now is likely just providing exit liquidity for those who got in earlier.

This kind of volatility on low-priced stocks often suggests a lack of fundamental news and more speculative trading or capitulation. I'd be looking for any recent filings or news releases that might explain such a sharp drop, beyond just the usual penny stock movements.

ZAPP has been a penny stock for ages; this isn't surprising. Likely another pump and dump cycle coming to an end.