YouTuber and Doge owner Glauber Contessoto lost nearly $500,000 as Dogecoin drops sharply in the past month
Glauber Contessoto, the popular Dogecoin owner on Twitter, known as the “DOGE Millionaire” who keeps losing and regaining informality as DOGE goes up and down, tweeted that, last month, he lost nearly half a million US dollars in his favorite cryptocurrency meme .
Some Dogecoin Loss Statistics
The owner of DOGE tweeted that, since many berate him for showing his wallet only when DOGE expires, he is willing to prove his crypto losses as well.
According to the screenshot, over the past month, the so-called Dogecoin millionaire has lost $461,672 on his investment in DOGE.
Nevertheless, the man intends to continue dealing with the most famous cryptocurrency meme.
For those who say I only show my work when #dogecoin 🚀 uploaded here some porn loss. Almost $500,000 less than last month, but I still believe in it #dog And if you can #HODL Could you #HODL. Better days lie ahead. We will rise again and next time it will be higher than before pic.twitter.com/x3DbOqy2hc
– SlumDOGE Millionaire (ProTheDoge) September 21, 2021
Losing $167,000 in DOGE in one day
Contesoto has appeared several times in CNBC articles thanks to him earning more than $2 million on Dogecoin when it reached an all-time high of $0.7376 on May 8. That $2 million profit came after he invested $250,000 in Doge in February of this year. It also saw a loss of $167,000 in one day.
After becoming a millionaire, the YouTuber gave up his day job and focused on his YouTube channel and Twitter page, to promote himself. Contessoto hopes that one day his Doge purse will be worth $10 million, after which he will convert a tenth of it into a Fiat.
He earned his first $1 million on Doge back in April and spread the word about it on Twitter and Reddit. He also recently tweeted that he is looking into Cardano’s ADA.
“It is not the Doji’s fault that the Doji falls”
In another tweet posted earlier today, Glauber Contessoto corrected the 13% drop in DOGE since September 17, dropping from $0.25 to $0.22 at the moment.
He tweeted, “It’s not the Dogecoin’s fault,” but rather the general decline in the cryptocurrency market caused by the massive drop in Bitcoin.