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Yuga Labs CEO Greg Solano has proposed dissolving the ApeCoin DAO to transfer its assets to a new entity, ApeCo. The move aims to streamline governance and refocus the ApeCoin ecosystem. Critics argue the DAO has struggled with inefficiency and low-impact initiatives.
- Yuga Labs proposes dissolving ApeCoin DAO to create ApeCo, a new entity for streamlined governance.
- The move aims to refocus the ApeCoin ecosystem on core projects like ApeChain and Otherside.
- ApeCoin's price has fallen 97% from its all-time high, with a 7% drop following the proposal.
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