Solana seems to be a stable coin in its current state. Solana has been the most dumping due to market dumping. These Solana coins are among people's imaginations. Many are currently considering this Solana coin as a meme coin. Many have also talked about whether Solana will be able to regain their next market.
your statement is wrong if you call Solana to be a stable coin. and some of what you said is a bit off the mark from the fact that Solana's price dropped drastically because of the accident that happened to FTX. because FTX is the largest holder of the Solana coin and after FTX went bankrupt Solana became the risk of falling prices.
maybe one day Solana will fix this problem and come back to increase the price again because behind them is a good development team. but one thing you have to remember is that Solana still can't replace ethereum
It's still a long way to go if Solana is going to be the next Ethereum, especially with some of the problems they're currently facing. I also disagree with what's been said regarding Solana being a stable coin. Because what happened and what was said is something that is very far from reality.
Indeed, Solana has had a lot of fans, especially in the last year, but they are now recovering to get better with what they are experiencing. So I think it will be very difficult for SOlana to follow Ethereum's lead.