'Dogecoin Millionaire's' Holdings Drop From $3M To $50K — But Remains Optimistic, Says #DOGE 'Will Rise Again'.

Las Vegas resident Glauber Contessoto, famously known as the “ #DogecoinMillionaire ,” watched his fortune take a drastic plunge from $3 million to as low as $50,000. 

Contessoto, who had invested his entire savings and went into credit card debt, had put $250,000 into Dogecoin in 2021, a cryptocurrency originally created as a joke.

The 33-year-old investor made headlines when his #Dogecoin holdings reached $2 million, claiming to be the “first Dogecoin millionaire of 2021.” 

Unfortunately for Contessoto, Dogecoin’s price experienced a sharp decline, dropping over 90% from its all-time high of $0.73 in May to $0.0637 (at the time of wriitng). This caused the value of his #holdings to decrease significantly, leading to a remaining balance of around $50,000.