Solana's SOL token has stabilized above $150 after a significant 38% drop from its Q3 peak of $253. The decline is largely due to waning interest in memecoins, which contribute 41% to the network's revenue, and the recent unlocking of 193,000 SOL by Alameda Research, valued at $30 million. Despite the growing interest in tokenized stocks, the broader market's weakness and the pressure from the unlock have hindered a robust recovery. Current options markets indicate an 11% probability of SOL reaching $200 and a 2% chance of hitting $250 by the end of November.