According to Odaily Planet Daily, Yuga Labs co-founder Garga.eth posted on social media, "APESTR, the Ethereum ecosystem meme coin launched by TokenWorks, launched today. I am excited about this launch, but it is important to read and understand the associated fees. Expect strong volatility. Yuga will waive our royalties on APESTR in order to use our portion of the fees to repurchase BAYC (Bored Ape Yacht Club)."