About 764,000 wallets that purchased President Donald Trump’s $TRUMP meme coin have lost money on the investment, according to fresh data shared with CNBC by blockchain analytics firm Chainalysis.

Democrats have introduced legislation that would ban the president, members of Congress, their families, and other officials from creating and selling crypto assets

Creators of the $TRUMP token made “substantial” $324 million in revenue. Among buyers, 58 wallets raked in a collective $1.1 billion in profits, while some 7,64,000 small wallet holders lost money.