Fred Krueger, a prominent figure in the cryptocurrency community, has reportedly launched a new memecoin that quickly gained traction before he allegedly withdrew $1.3 million from it. This incident follows Krueger's previous launch of another memecoin, which also faced similar accusations of being a 'rug pull,' a term used to describe fraudulent schemes in which developers abandon a project and take investors' funds. The recent activity has raised concerns among investors, especially as Krueger has a substantial following of over 100,000 on social media. His actions have sparked discussions about the legitimacy of his projects, particularly after he hinted at launching another memecoin that would mirror the terms of the controversial $Trump coin.