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Glauber Contessoto bought into Dogecoin at just the right time. Inspired by tech billionaire Elon Musk’s endorsement of the dog-themed memecoin, the 37-year old spent his life savings and maxed out credit cards to buy $250,000 worth in February 2021. His family and friends worried he was making a big mistake but, just two months later, he became a millionaire.
As Dogecoin took off in mid-2021, Contessoto’s holdings ballooned to $3 million, and he parlayed his good fortune into a sizable internet following under the handle “SlumDOGE millionaire.”
The good times didn’t last, however, as Dogecoin plummeted from $0.53 to $0.06, leading Conessoto to lose both his millions and his celebrity status. But he didn’t sell. He remained convinced that Dogecoin, and his social media accounts, would make their way back into the spotlight—and he was right.
Amid the…more
Source fortune.com
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