Yuga Labs, the creator of the Bored Ape Yacht Club, has proposed dismantling the ApeCoin DAO, citing inefficiencies and lack of seriousness in its governance. CEO Greg Solano introduced a plan to transition the DAO's assets to a new entity, ApeCo, aimed at revitalizing the APE ecosystem. This strategic move comes as ApeCoin's value has surged, doubling to $1.50 following the launch of the Ethereum layer-2 network, ApeChain, which integrated LayerZero and introduced various games and applications.
The market has responded positively, with traders showing bullish sentiment by investing in APE call options on the PowerTrade exchange. This increased activity reflects confidence in the token's future potential, driven by recent technological advancements and governance restructuring. As Yuga Labs seeks to streamline operations and enhance the ecosystem's efficiency, the developments mark a significant shift in the management and strategic direction of ApeCoin.
ApeCoin's Strategic Shift: What You Need to Know
October 12, 2025
1 min read
Yuga Labs, the creator of the Bored Ape Yacht Club, has proposed dismantling the ApeCoin DAO, citing inefficiencies and lack of seriousness in its governance. CEO Greg Solano introduced a plan to transition the DAO's assets to a new entity, ApeCo, aimed at revitalizing the APE ecosystem. This strategic move comes as ApeCoin's value has surged, doubling to $1.