Svmuu News: Pump.fun is hiring a Director of Legal Affairs in New York, with an annual salary ranging from $1 million to $5 million. The platform, which launched on the Solana blockchain in 2024, claims to have a daily trading volume exceeding $300 million and reports 2025 profits of $500 million with a staff of approximately 100 employees.
Pump.fun has been facing a class-action lawsuit in New York since 2025, with investors alleging that its business model resembles a Ponzi scheme. The job posting was shared on X by Pump.fun founder Alon and has received over 1 million views. Bitcoin has fallen by about 50% since October. Pump.fun previously suspended live streaming after users promoted tokens while engaging in disturbing behavior during broadcasts, but later resumed streaming with stricter moderation rules. (Bitcoin.com News).