Millionaire Glauber Contessoto lost almost $500,000 as Dogecoin price dropped hard in the past month
DOGE millionaire Glauber Contessoto shared that he had continuously lost money when the market fell and significantly when the Dogecoin price dropped to $0.2155.
Millionaire loses $500,000 on his holdings, and Dogecoin price addressed 13% drop
Contessoto has tweeted that, in the past month, he has lost nearly half a million USD on his favorite meme cryptocurrency. According to the screenshot, the so-called Dogecoin millionaire has lost $461,672 on his DOGE investment in the past month.
“For those who say I only show my portfolio when Dogecoin is up, Here’s some loss porn. Almost $500,000 down the past month, but I still believe in DOGE, and if I can HODL you can HODL. Better days are ahead of us. We will rise again, and next time will be higher than before”, he stated.
Source: Glauber Contessoto
The DOGE holder tweeted that, as many are rebuking him for only showing his portfolio when DOGE is up, he is also willing to justify his crypto losses. However, the man still intends to continue hoarding the most famous meme coin.
As AZCoin News reported, Contessoto made over $2 million on DOGE when it hit an all-time high of $0.7376 on May 8. That $2 million profit was made after he invested $250,000 in DOGE in February of this year. He also lost $167,000 in one day.
After becoming a millionaire, the Youtuber gave up his day job and focused on promoting himself on his YouTube channel and Twitter page. Contessoto hopes that his portfolio will be worth a whopping $10 million one day, and then he will convert a tenth of that into fiat.
He made his first million dollars on Doge in April and spread the word about it on Twitter and Reddit. He also tweeted recently that he is looking into ADA.
DOGE/USD 4-hour chart | Source: TradingView
In another tweet posted earlier today, Contessoto addressed the 13% drop in DOGE since September 17, falling from $0.25 to $0.21 press time. He tweeted that it’s not DOGE’s fault but the overall decline of the crypto market caused by Bitcoin.
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