Pump.fun (PUMP)

Wu said he learned that PumpFun's behind‑the‑scenes development company Baton Corporation is recruiting a Chief Legal Officer (Chief Legal Officer), responsible for regulatory affairs, product legal matters, corporate governance, and cross‑border compliance, and will serve as a core legal advisor together with the general counsel. The job posting shows that the base salary for the position is $1 million to $5 million per year. PumpFun co‑founder Alon stated that as the platform's business expands, the company is building a legal team commensurate with its growth scale to support subsequent growth and manage related risks. https://t.co/uQ4YvE9qaY

people kept saying PUMP was an IQ test, just not in the way they thought

re pump as a potential trade target:

it's never good to trade emotionally. but sometimes it's worth recognizing if a ticker is an outsize liability for you personally

pump has meaningful revenue and is arguably an insanely successful protocol

that said, it falls under a weird/rare bucket for me - i don't like the org/product, from an emotional standpoint

normally losing on a trade stings, but you can sweep it under the rug

losing on trades where the underlying bag is something you think is gross/rotten feels *extra bad*

move here is to simply move my entry targets to something unreasonably greedy

if that hits, and a re-evaluation of technicals/etc shakes out, i can at least buy there with a tightly pinched nose, and not be as upset, w/ consideration for the opportunity/asymmetry