Yuga Labs co-founder Garga.eth announced on the X platform that the proposal to dissolve the ApeCoin DAO, AIP-596, has been officially launched for voting, with the aim of further advancing the reform of the ApeCoin ecosystem and orderly transferring assets and responsibilities to the new entity ApeCo established by Yuga Labs. It is reported that the new entity team will be composed of Cameron Kates, the current executive director of the Ape Foundation, and other foundation members and Banana Bill team members. Garga.eth reminded that this AIP requires a large number of votes to pass, and it is expected that 3.5% of all circulating tokens will participate in the vote and 66% of the absolute majority will be required. According to the voting information, this vote will end on June 26, and the current proportion of votes in favor is 99.19%.