Voting requires participation of 3.5% of circulating ApeCoin tokens with a 66% majority necessary for approval by June 26, 2025.
Greg Solano, the CEO of Yuga Labs, criticized the current governance structure as inefficient and advocated for a streamlined organization, anticipating a $168 million asset transfer to ApeCo.
Current approval of the proposal sits at 99.19%, showing strong voter support. However, ApeCoin’s price has shown volatility, recently increasing by 2.11%.
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