The original post by u/blackenedavocado notified the community about a new TRUMPCOIN token that was rug pulled in the past 24 hours, which had connections to the Trump Digital Trading Card NFT collection.

It looks like there is a connection between the Trump NFTs and a serial rugpuller. Below, I've broken down the TRUMPCOIN rug pull; however, there are several more rug-pulled tokens with the exact same pattern by a wallet connected to the TRUMPCOIN incident.

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The TRUMPCOIN rug pull

Here's a breakdown of the activity with block explorer links:

1. 0x34...ad7dcf is the creator of the Trump Digital Trading Card collection on Polygon.
2. 0x34...ad7dcf transfers 1 billion Trump Digital Trading Coin (TRUMPCOIN) tokens to 0xc4...cb27f3.
3. 0xc4...cb27f3 adds the initial liquidity for TRUMPCOIN on Dec 16.
4. TRUMPCOIN is actively traded throughout Dec 16, with many buys.
5. 0xae...1f7810 sells 1 billion TRUMPCOIN for ~5.4 ETH, draining the available liquidity by selling tokens they had never purchased on the market.
6. The liquidity pool now sits at $5, effectively preventing the trading of TRUMPCOIN.

So, in short, a new TRUMPCOIN token was created with the initial liquidity indirectly provided by the same address that created the Trump NFT collection. The TRUMPCOIN token's liquidity was later drained by a sale from a wallet that never purchased any of the tokens on the market.

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Initial liquidity add

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The final sale that drained the liquidity

But wait... there's more

After digging deeper, this pattern has been repeated several times with other tokens by 0xae...1f7810 (the same wallet that dumped on the TRUMPCOIN token).

0xae...1f7810 dumps on holders of several newly created tokens

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TRUMPCARDS Token

Captured from DEXSCREENER

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CCGDS Token

Captured from DEXSCREENER

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DOXX Token

Captured from DEXSCREENER

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SHIBANS Token

Captured from DEXSCREENER

Final note

All of these tokens were created between Dec 15 and 17, had trading activity for the first day, then ceased and were all later rug pulled on Dec 20 by the same wallet. In total, 0xae...1f7810 made away with 43.8 ETH combined in all of the tokens listed above.

Edit: corrected inaccurate image caption