About 764,000 wallets that bought President Donald Trump’s $Trump meme coin lost money on investment, according to new data shared with CNBC by Blockchain Analytics.

According to the company's chain analysis, most wallets that lose money have small amounts of tokens. A crypto wallet is an account that stores the keys you need to access and use a cryptocurrency holding.

Chainalysis said that while about 20 million wallets purchased tokens, 58 wallets made more than $10 million, totaling about $1.1 billion in revenue.

Trump's $ token prospers with the beginning of Trump's second term, with high price volatility and high returns for investors. Battle Fighting Co., Ltd. and CIC Digital Llc. Controls most of the token supply.

CNBC has reached out to fight Fighting LLC. Analyze the number with comment chain.

The project's website promises to take up a seat in a black tie dinner with the president, with more than 50% interest in coins.

$Trump's event is scheduled for May 22 at Trump National Golf Club in Washington, D.C., which includes a reception for 25 wallets with the largest coin balance and a tour of the White House.

The dinner-time rally raised the token’s market cap to a peak of $2.7 billion, although it has since been withdrawn to $2.17 billion.

Since that rally, about 54,000 wallets have purchased coins. Chainalys said a total of 100,000 new wallets have purchased $T Trump since April 15, extending the surge after warning despite continued volatility in the wider cryptocurrency market.

The Trump-branded meme token reviews regulators and ethical regulators.

Legislators are now formally investigating $Trump's meme coin and a related cryptocurrency called World Free Finance, which has sent 75% of its revenue to the Trump family, a direct conflict of interest for the president.

The Senate’s permanent subcommittee investigated the ownership structure and revenue patterns of tokens, while House Democrats protested violently from crypto hearings.

The centre of the controversy is dinner contests targeting top holders, promotional positions for the president himself, and connections with foreign investors including state-backed UAE funds and crypto tycoon Justin Sun.

The token's value initially soared to $15 billion ahead of Trump's second inauguration.

Currently, 20% of the total supply of tokens is currently in circulation. The remaining 80% (reportedly controlled by the Trump Organization and affiliated entities) are reportedly locked under a three-year vesting program. Public disclosures say insiders have agreed not to sell their distributions for months.

Even with tokens with a limit on ownership, insiders are still making substantial revenue.

According to Chainalysis, more than $324 million in transaction fees have been routed to the wallets bound by the project creators since January. The token code automatically directs the cuts of each transaction to these addresses, allowing the team to profit from the ongoing activity.