Wednesday, October 20, 2021
HomeCryptocurrencyDogecoin “Millionaire” Loses $500,000 on His Doge Holdings

Dogecoin “Millionaire” Loses $500,000 on His Doge Holdings


Yuri Molchan

YouTuber and Doge holder Glauber Contessoto has misplaced nearly $500,000 as Dogecoin dropped exhausting prior to now month

Twitter-famous Dogecoin holder Glauber Contessoto, often known as the “DOGE millionaire” who retains shedding and regaining that casual standing as DOGE goes up and down, has tweeted that, prior to now month, he has misplaced almost half 1,000,000 USD on his favourite meme cryptocurrency.

Some Dogecoin loss statistics

The DOGE holder has tweeted that, since many are rebuking him for displaying his portfolio solely when DOGE is up, he’s prepared to show his crypto losses as properly.

Based on the screenshot, over the previous month, the so-called Dogecoin millionaire has misplaced $461,672 on his DOGE funding.

Nonetheless, the person intends to maintain hodling essentially the most well-known meme cryptocurrency.

Dropping $167,000 on DOGE in a single day

Contessoto was featured a few occasions in CNBC articles due to earning over $2 million on Dogecoin when it reached an all-time excessive of $0.7376 on Could 8. That $2 million revenue got here after he invested $250,000 in Doge in February of this 12 months. He has additionally seen a lack of $167,000 in a single day.

After he turned a millionaire, the YouTuber gave up his day job and centered on his YouTube channel and Twitter web page, selling himself. Contessoto hopes that, at some point, his Doge portfolio can be value a whopping $10 million, after which he’ll convert one-tenth of it to fiat.

He earned his first million on Doge again in April and unfold the phrase about it on Twitter and Reddit. He has additionally tweeted just lately that he’s trying into Cardano’s ADA.

“It is not Doge’s fault that Doge is falling”

In one other tweet posted earlier at present, Glauber Contessoto addressed the 13% drop of DOGE since Sept. 17, as it’s happening from $0.25 to $0.22 in the meanwhile.

He tweeted that “it is not dogecoin fault” however somewhat the general decline of the cryptocurrency market triggered by Bitcoin happening closely.



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