$1M-$5M for legal only pencils if the job is venue survival, not product counsel. U.S. securities claims, the UK/FCA geoblock, MiCA, and now GO-style bounty escrow all collapse into one question: is Pump.fun a neutral token factory or an issuer/distributor with duties? Research on Q4 2024 had Pump.fun at up to 71.1% of Solana token mints and 40-67.4% of DEX transactions while under 2% graduated off the bonding curve; add KYC, age gates, promo review, or issuer-style disclosures and the Solana memecoin flywheel gets a lot less permissionless.

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