Yuga Labs has proposed dismantling the existing ApeCoin DAO, citing inefficiencies and lack of seriousness, in favor of establishing a new entity called ApeCo. This move aims to enhance the APE ecosystem's governance and operational capabilities, as articulated by CEO Greg Solano. Concurrently, the launch of ApeChain, an Ethereum layer-2 network, has led to a significant 100% increase in ApeCoin's value, reflecting positive market sentiment and increased trader activity in altcoin options markets. The developments underscore a pivotal shift in the management and strategic direction of ApeCoin, potentially influencing its future market performance and adoption.
ApeCoin's Evolution: From DAO to ApeCo and Market Trends
October 10, 2025
1 min read
Yuga Labs has proposed dismantling the existing ApeCoin DAO, citing inefficiencies and lack of seriousness, in favor of establishing a new entity called ApeCo. This move aims to enhance the APE ecosystem's governance and operational capabilities, as articulated by CEO Greg Solano.