Dogecoin-themed hot dog auction completed for $15,000

On August 9th news, a Dogecoin- themed hot dog “Hot Doge Wieners” launched by Oscar Mayer under the US food giant Kraft Heinz (KHC.O) completed the auction for US$ 15,000 , with a starting price of US$0.99. A total of 76 people participated in the auction. The transaction price broke the previous Guinness World Record for the highest hot dog price of US$169.

All proceeds from the auction will be donated to the disaster relief organization Feeding America, which has 200 food banks across the United States. In April this year, the American bacon stick brand Slim Jim launched a marketing campaign with Dogecoin as the theme, resulting in a sharp increase in the price of Dogecoin.

Dogecoin-themed hot dog auction completed for ,000

As DOGE soared 27%, 33-year-old DOGE investor Glauber Contessoto announced on Twitter that he had regained his status as a “Dogecoin millionaire.”

On August 8, DOGE hit $0.28, the highest level since June 25. DOGE is now up 79.5% from the recent bottom reached on July 20. However, although Contessoto’s wealth has recovered to millions of dollars, it is still too early to talk about the return of DOGE. Dogecoin is still down 64% from its all-time high of $0.73. At the same time, Musk, the “Patron saint” of Dogecoin holders, has not posted DOGE-related tweets for several weeks. 

According to previous reports in July, DOGE investors and YouTuber Glauber Contessoto once promoted themselves as “Dogecoin millionaires” on the Internet and in the media. After DOGE reached a historical peak of $0.74 in May, Glauber Contessoto’s cryptocurrency held It is worth more than 2 million US dollars. When DOGE began to fall from its historical high in May, he lost $170,000 in one day.

Contessoto said in an interview in April: “My plan is, once I reach $10 million, I will spend 10%.” In his view, Dogecoin can be used as a family heirloom, “This kind of thing will continue to grow. .”

Contessoto said he continued to buy Dogecoin on dips and believes that DOGE is now his savings account. Contessoto quit his daily work and began to focus on his social media image as a “Dogecoin millionaire”, promoting other crypto projects by selling goods on his website and getting paid for investing in Doge.


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