BITCOIN’s richest trader has lost $2.5billion in a single day as the volatile cryptocurrency market crashes once again.
The toe-curling loss comes at the currency plummeted a whopping 16.5 per cent on Saturday, shedding a fifth of its trillion dollar value.
The mystery trader, who owns the largest share of Bitcoin in the world – some 288,000 of them – began seeing their fortune fade in the early hours of this morning.
Wallet 34xp4vRoCGJym3xR7yCVPFHoCNxv4Twseo had $16.29billion worth of the crypto on Friday. By Saturday morning, that had dropped to $15.45billion then to $13.81billion by the evening, wiping out $2.48 billion in one day.
In fact, the unlucky trader has seen the value of his stash sink by $5.5million in less than a month.
BitInfoCharts shows the wallet – which has been trading since October 2018 and owns 1.53 per cent of all Bitcoins – clocking a high of $19.33billion on November 11 before dipping to $16.78billion several days later and then hitting a low of $13.8billion today.
It comes as one crypto trader said he lost millions of dollars in just under five minutes.
The anonymous Reddit user claimed he made $1.3million after investing in SQUID, the digital currency inspired by the Netflix series Squid Game.
The cryptocurrency surged to a top price of $2,681 before plummeting to…