Two crypto narratives emerged on September 13, 2026, with meme coin PEPE facing whale-driven supply pressure while Solana highlighted new payment infrastructure.
PEPE whale selling creates resistance — PEPE was trading near $0.00000348 after being rejected from the 200-day EMA around $0.00000364. According to Santiment, wallets holding 10 million to 100 million PEPE have sold about 80 billion tokens since August 25. In contrast, smaller wallets holding 1 million to 10 million tokens accumulated 5.06 billion PEPE during the same period. Derivatives data from CoinGlass showed a long-to-short ratio of 1.05, near a one-month high, but the open-interest-weighted funding rate was negative at -0.0067% on Thursday, signaling bearish positioning.
Key levels for PEPE — A daily close above the 200-day EMA around $0.00000364 could open a path toward $0.00000442. Support sits between $0.00000320 and $0.00000313, with the 50-day and 100-day EMAs reinforcing that zone. A breakdown could expose PEPE to the next support near $0.00000230. Momentum indicators remain cautious, with the RSI drifting toward 50 and the MACD holding a bearish crossover.
Solana payment channels go live — Solana traded near $99.49 on September 10, up about 32% for the month. The Solana Foundation launched payment channels with Alibaba Cloud on September 3, processing a test load of one million payments per second across 100,000 wallets. The model allows users to set an on-chain spending limit while smaller payments run off-chain, with only the total settled. Solana app revenue reached $143 million in August, tokenized stock trading hit $4.8 billion in Q2, and total Solana ETF assets surpassed $1 billion. The Alpenglow consensus change is in testnet, targeting 100 to 150 millisecond finality with mainnet updates expected in the fall.
Resistance for SOL is seen near $110, with a move above opening the $120 to $130 range, while losing $95 could send it toward $85. A sponsored article in the source material also promoted Pepeto’s presale, claiming more than $10.9 million raised and zero-fee swaps, though those claims should be treated as advertising rather than verified market data.
