Nansen data shows that on January 19, the Mechanism Capital wallet purchased 500,000 TRUMP at a cost price of approximately $0.506, and then purchased another 23,900 TRUMP on the same day. Among them, 136,200 TRUMP were allocated to the Mechanism Capital wallet, 135,800 TRUMP were sent to the wallet related to the Mechanism Capital team, and 58,400 TRUMP were sent to Marc Weinstein.
Previously, crypto fund Mechanism Capital said it had bet on Trump concept tokens and related NFTs.
“Mechanism Capital has opened the first batch of new positions in 2024,” founder Andrew Kang said in an X post. “These new positions are Trump-centric and include Trump-related meme coins and NFTs. "