Meme Coin Market Intelligence — 9.14–9.20, 2026

The full price board on Sunday closes: eight tokens, seven green, a +5.1% combined week, and a rotation map in which every member is still above its August 16 base — WIF by 75.5%, FLOKI by 12.9%.

This is the price-first companion to the weekly data report: the full board, printed numbers, and what the cross-section says that any single coin cannot. This issue moves to a clean Sunday-to-Sunday window — September 13 to September 20 closes — so every row below is close-to-close with no provisional as-of dates. The monthly report for August 2026 lives here.

1. Price Board — the eight large caps

BONK's cap is printed with a ≈ because trackers disagree by up to ~15% on its circulating supply; we compute close × ~88.8T throughout this site and say so rather than silently choosing a favourite. Its price is printed at CoinLore's two-significant-figure precision, so treat +11.1% as 'roughly eleven percent'.

2. What the Board Says

• Seven green, one red, 28.5 points of dispersion. The gap between WIF (+23.0%) and SPX (-5.5%) is the second-widest of the quarter, behind only the August 24–30 washout. Wide dispersion inside positive breadth is what rotation looks like: capital moving between members rather than entering the sector.
• The leaders were the smallest caps. WIF ($238M) and PEPE ($1.65B) out-ran DOGE ($13.31B) by 19.4 points. In a genuine inflow event the largest, most liquid member usually leads, because new money starts where depth is. It did not.
• Six of eight did their work in two sessions. September 18 and 19 carried the week: PEPE +9.1% and PENGU +9.1% in single sessions, DOGE +6.9%, BONK +11.2%. The first four sessions were flat to lower for most members.
• SPX is now the board's structural outlier. -5.5% in a 7-of-8-green week and -16.0% on the month. It was the only advancer in the August 24–30 washout and the only decliner now — the same thin book, working in both directions.

3. Rotation map — where the month's bid actually went

The month-to-date map is unambiguous, and it is not the story the weekly tape tells. Every one of the eight members is above its August 16 base — WIF by 75.5%, PEPE by 52.8%, SPX by 43.3%; FLOKI, at +12.9%, is the only member inside 15 points. Four weeks ago the board's combined cap sat near $16.8B; it is $19.79B now. Reading the weekly alternation is a trading exercise; reading this table is an allocation exercise, and the two point in different directions.

Two features of the table are worth naming before this week's numbers are read as a trend. First, the September 6 column is the top of the range, not the middle of a move: every member with a print there is above its August 30 close — that was the +10.4% week — and six of the seven sit below their September 6 close two weeks later. Most of the month's gain was therefore banked before September 6, and the last two weeks have recovered what the drawdown took rather than extending the August move. Second, the ordering by net change and the ordering by weekly change disagree almost completely: SPX is up 43.3% on the month and down 5.5% on the week; FLOKI is down to +12.9% on the month and up only 2.2% on the week. Month-to-date tells you who owns the bid. Week-to-date tells you who is being paid for it right now. On this board they are rarely the same names, and that rotation — not the level — is the tradeable fact.

4. Breadth check: seven advancers, one decliner

Weekly advancers: 7 of 8 (WIF leading, SPX the only decliner). Advancers since the August 16 base: 8 of 8. The contrast has now flipped from last week, when the weekly window was 1 of 8 and the base-to-date window 8 of 8. Breadth this wide on a weekly window after four alternating weeks is a symptom of range behaviour, not of a trend: in a real trend, breadth and dispersion tighten together; here breadth widened while dispersion went to 28.5 points.

5. Positioning watch

• DOGE derivatives ran hot. Futures volume of about $1.68 billion against $331 million of spot — roughly 5x — with open interest near $1.31 billion and $2.37 million liquidated in the session (CoinGlass data via KuCoin News).
• PEPE's leverage outran its spot by even more. About $443 million of futures volume against $93 million of spot, open interest near $262 million, and 24-hour volume up 106.84% to $551.76 million with a single wallet moving 177.07 billion PEPE to Coinbase (CoinMarketCap's price desk).
• SHIB's leverage stayed small — roughly $66 million of futures against $28 million of spot on September 20, and $54.25 million against $19.99 million on September 17, with open interest sitting above its 24-hour turnover (CoinGlass data via KuCoin News and The Crypto Basic). That is why its +5.3% week came without the intraday violence seen in WIF and PEPE.
• Leverage was concentrated in two names. DOGE ($1.68B) and PEPE ($443M) together carried about $2.12 billion of 24-hour futures turnover, while SHIB's futures printed roughly $66 million and SPX's entire 24-hour spot turn was $7.71 million. Concentration at the top is what turned a broad seven-of-eight week into a 28.5-point dispersion (CoinGlass data via KuCoin News; CoinDCX, September 16).

6. What would change next week's board

1. A weekly close above $19.8B, then another. This is the only criterion that distinguishes a range from a trend, and four alternating weeks mean the burden of proof is on the bulls.
2. WIF holding $0.23 on daily closes. It has now out-performed in both directions this quarter. If it gives back the $0.23 shelf, the board loses its momentum proxy and the rotation has nowhere obvious to go.
3. DOGE closing above its 200-day EMA near $0.09 for three sessions with futures turnover falling back toward spot — the first pairing of a technical reclaim with evidence that cash, not leverage, is doing the buying.
4. Bitcoin losing the 50-week average near $78,786. That would retire the breakout that produced this week's rebound and re-price the entire board's beta immediately.

7. Volume quality board

Grades are ours, criteria are printed: depth at the week's decision point, behaviour on the down days, and the leverage-to-spot mix. SHIB earns a B on the third criterion despite a modest move: its +5.3% week came with futures at 2.4x spot, while DOGE's smaller +3.6% week came with futures at five times spot. The cheaper advance is the one more likely to survive a quiet week.

8. September so far — and the monthly report

September to date, from the August 30 close to the September 20 close: WIF +25.8%, PEPE +15.4%, SHIB +8.4%, BONK +7.5%, FLOKI +5.8%, DOGE +4.0%, PENGU -8.7% and SPX -16.0%. Read that column beside this week's table and the month's real shape appears. Three of the month's four leaders — WIF, PEPE and BONK — are also this week's leaders, so the September bid has been persistent rather than random. The two names negative on the month are the two whose September has no second act: PENGU gained 12.6% this week and is still down 8.7% on the month because it lost 18.8% between August 30 and September 13, and SPX fell in both windows. After two rallies and two drawdowns the month is broadly flat for the large caps and badly negative for the board's thinnest major — which is what a wide range looks like from a month's altitude. September's own retrospective publishes with the next issue; the full August report, with the month's complete board and narrative, is the separate August 2026 monthly report.

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Related reading

• Weekly Meme Coin Data Report — 9.14–9.20, 2026
• Meme Coin Monthly Report — August 2026
• Weekly Meme Coin Intelligence — 9.14–9.20, 2026
• Meme Coin Weekly News Review — 9.14–9.20, 2026