Yuga Labs, known for Bored Ape Yacht Club, proposed radical changes to the ApeCoin ecosystem on June 5, 2025. According to CEO Greg Solano, the ApeCoin DAO, created in 2022 for decentralized APE token governance, has proven ineffective. In the new proposal (AIP), Solano called for the dissolution of the DAO, describing it as a 'slow and unproductive governance theater' that funds low-impact projects.
The proposal involves the creation of a new structure — ApeCo, controlled by Yuga Labs, to which all DAO assets will be transferred, except for staking funds (11.25 million APE) and legal expenses (10 million APE). ApeCo will focus on three key areas: ApeChain, Bored Ape Yacht Club, and the Otherside metaverse. All rights to governance by token holders will be revoked, and previous AIPs will be annulled.
This move has sparked mixed reactions: some support the transition to a more efficient model, while others see it as a loss of decentralization. The token price $APE fell to $0.66, reflecting investor uncertainty.
The decision could change the future of ApeCoin and impact other DAO projects. Stay tuned for updates to keep informed!
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