Pump.fun Seeks Multi-Million Dollar CLO Amid Ongoing High-Stakes Class Action La

Pump.fun generated more than $500 million in profit last year with fewer than 100 people. Now it is offering a single Chief Legal Officer candidate up to $5 million to join the team.

Co-founder Alon Cohen posted the opening on X. The salary band, between $1 million and $5 million, puts the role among the highest-paid legal positions in the crypto industry.

The gap between Pump.fun's revenue and its legal maturity has grown fast. Baton Corporation built one of crypto's most profitable platforms on Solana, processing more than $300 million in daily volume. However, it has been contending with a class-action lawsuit, federal racketeering charges, regulatory scrutiny across three continents, and public backlash over its bounty products.

The $5 million figure represents base salary alone. Pump.fun launched in 2023 and became the dominant meme coin launchpad on Solana within months. Its model, letting anyone create and trade tokens for a flat fee, turned a lean team into one of crypto's most profitable operations. That same model now sits at the center of federal litigation.

Pump.fun has been facing a class-action lawsuit in New York federal court since early 2025. The case expanded

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/crypto/articles/pump-fun-seeks-multi-million-094414432.html)