⇑ Yuga Labs' ApeCo Replaces ApeCoin DAO - Major Moves to Impact APE Coin's Market Position

In a major turn of events, Yuga Labs has proposed the dissolution of the ApeCoin DAO and its replacement with ApeCo, a new entity. This comes in the wake of issues around failed governance with the former. The move, initiated by Yuga Labs, has raised various sentiments among holders and enthusiasts of the ApeCoin (APE) token. Despite the token gaining about 10%, holders are still bearing extensive losses.

ApeCoin has been considered among the top gainers in the cryptocurrency market despite an all-time low. Analysts believe a bullish turnaround is highly likely in the foreseeable future. A significant amount of APE tokens, around 1.95% are expected to be unlocked on June 17th, which could further impact the market trajectory.

The ApeCoin ecosystem is set to significantly benefit from the launch of ApeChain, also introduced by Yuga Labs. This move brought about a 100% surge in APE coin prices, with indicators pointing towards the rally's continuation. Moreover, the launch of the ApeChain Mainnet dubbed Apechain supported a massive surge in APE coin price. Amid these developments, community initiatives are being revealed just ahead of the ApeChain launch.

However, critics argue that the recent rally or the ApeCoin investment comes under scrutiny due to the waning interest among large scale (whale) investors. The community will watch closely for significant moves that might dictate the coin's trajectory in the following months.

APE Coin News Analytics from Wed, 16 Mar 2022 22:03:04 GMT to Mon, 09 Jun 2025 15:07:02 GMT - Rating 8 - Innovation 6 - Information 5 - Rumor 2