ZVZZT · Nasdaq test symbol · NasdaqGM --:--:-- ET nasdaq feed_
Nasdaq's useless stock · not a company · est. never

ZVZZT is a real stock on Nasdaq that isn't a company. Nasdaq made it so banks can test their systems. It has a price, a chart and volume — and no CEO, no employees, no product.

$ZVZZT is the memecoin about it. The goal: trade more volume than the real stock. That's it. That's the whole game.

"TEST symbols, such as ZVZZT and ZWZZT, are reserved for testing." — Nasdaq    ·    "From a trading perspective, these test symbols function the same as any other symbol in the system." — Nasdaq    ·    "I don't think it's entirely relevant that it's not technically an equity instrument." — Vlad Tenev, CNBC    ·    "These 'OpenAI tokens' are not OpenAI equity." — OpenAI

The Flip: can a memecoin out-trade the real stock it's named after?

$ZVZZT memecoin · 24h volume
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vs
ZVZZT on Nasdaq · daily $ volume
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0% of the way there (0.00×)
When the bar fills, a memecoin has traded more in a day than a real Nasdaq ticker. Nobody at Nasdaq will notice. That's the point.

The real stock pays no dividend. The memecoin does.

Paid to holders so far
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In QQQ (the Nasdaq-100 ETF)
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Wallets paid · payouts
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Every $ZVZZT trade pays a 1% fee. On Pons that fee goes straight to $ZVZZT holders, in QQQ, automatically. There is no creator claim — the dev gets nothing. Hold the useless stock, get paid in the real index. [pons]

The real stock, right now

Share price
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Change today
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Open
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High / Low
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Prev close
Shares traded
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$ traded
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CEO · Earnings · Product
none
Contract CA: TBA buy on pons

Wait, what?

Why does a fake stock exist? Banks need to test their trading software on the real exchange without buying real stocks. So Nasdaq gave them a dummy one. Every trade on ZVZZT is someone checking their buy button works. [nasdaq rule]

Is it really on Robinhood? Yes. Robinhood has a page titled "Nasdaq Test Symbol: ZVZZT". You can watch it. You can't buy it. [robinhood page]

Why is this funny? Every "stock" on Robinhood Chain is technically not a stock — Robinhood's CEO said so on TV. ZVZZT is the only one that was honest about it. Since 2007. [cnbc]

What happens when we flip? Nothing. Nobody gets fired, because nobody works there. We take a screenshot and pick the next stock.

Links

x / twitter chart robinhood: zvzzt nasdaq rule
$ZVZZT is a memecoin about a test symbol. It is not a security, not a stock token, not equity, and not affiliated with Nasdaq or Robinhood. Nothing here is financial advice. Holder payouts are a Pons launchpad mechanic, depend entirely on trading volume, and are not guaranteed. Quote data from Yahoo Finance, delayed; on-chain data from GMGN and Robinhood Chain RPC.