According to CryptoPotato, in 2020, when Elon Musk began endorsing Dogecoin (DOGE) on Twitter, platform user Glauber Contessoto, aka SlumDOGE Millionaire, decided to invest $250,000 in the meme coin. His investment soared to $3 million at one point, but the crypto enthusiast did not withdraw the funds. However, since reaching a peak of $0.73 in May 2021, the value of Dogecoin has fallen by more than 90%, causing SlumDOGE Millionaire's investment to shrink to just $50,000. Despite the significant drop in wealth, the investor expressed his disappointment on Twitter, but still has confidence in cryptocurrencies. He firmly believes that DOGE will become the preferred cryptocurrency payment method on Twitter, which may boost its value in the future. Currently, Dogecoin remains a heavily speculative asset, and its value is largely affected by Musk's remarks. Despite the poor investment situation, SlumDOGE remains optimistic, predicting that the price of Dogecoin will rise to $1 in the next bull run. He acknowledged that the cryptocurrency market is volatile and admitted to underestimating the extent of the downside.