Lido Staked Ether has declined sharply over the past week, trading at $1,593.46 as of Saturday, June 6, 2026, down 9.88% in the last 24 hours and 20.76% over seven days. The decline coincides with broader Ethereum market weakness and comes as Lido Finance prepares for a major protocol upgrade that could reshape how the platform manages validator balances and staking operations.