58 crypto wallets have made millions on Trump's meme coin. 764,000 have lost money.

KEY POINTS

58 wallets have made over $10 million each from President Donald Trump's meme coin, totaling $1.1 billion in profits, blockchain analytics firm Chainalysis said.

764,000 wallets of mostly small holders have lost money on $TRUMP, according to the firm.

The $TRUMP event, set for May 22 at Trump National Golf Club, Washington, D.C., includes a reception for the 25 wallets with the largest balance, along with a White House .#TRUMP