Fred Krueger and Ben Sigman: The Midnight Heist That Netted $292k on $SAB121
Fred Krueger (@dotkrueger ) and his associate Ben Sigman (@bensig) executed a heist in the middle of the night, making $292,000 by sniping 67% of the #SAB121 token supply.
Fred also profited an additional $58,645 by rug-pulling tokens like $USSR, $Krueger, and $Fred. Despite presenting themselves as Bitcoin maximalists and early Bitcoin adopters, their recent actions suggest they’re exploiting the meme token market for personal gain.
Let’s break down what happened: 🧵
About Fred and Ben
Background on $SAB121
On January 24, 2025, at 00:35:51 UTC, Fred Krueger launched a meme token named $SAB121 via a wallet he had previously used to accept Solana donations. He announced the token on Twitter, claiming it was created to commemorate the repeal of SAB-121.
Note: All tweets related to $SAB121 and Fred's involvement in its launch have since been deleted.
Fred’s deployment wallet: AddrressAMaokHvLumVnwgYTPGEut9VPwRWXZy2jJQQzCkvrPafT
Shortly after launching, Fred sniped 67% of the $SAB121 supply (670,624,999 tokens). The token quickly ran reached a market cap of $22 million before the massive dump began.
How They Profited
--Initial Dumps
Fred's wallet sent 300M $SAB121 tokens to another address and dumped them an hour after for $140,000 in two transactions:
Wallet: 5FjpxLxoh8o8pr8YhpPdW5hWRQKvkM9PrtuwE7hwMi5E
Burning and Selling
Fred sent the remaining 370M tokens to another wallet and burned them 14hrs after the launch(token already dumped) LOL. However, the dumping didn’t stop there:
734.4K
2.88K
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