LDO token dropped 16.31% in 24 hours after Ethereum proposed EIP-8361, a measure aimed at reducing staking yields from 2.6% to 1.2%. This proposal revived concerns about the future of liquid staking and Lido’s long-term growth prospects. Trading volume surged over 230% with exchange inflows of approximately $214,130. Open Interest reached $67.18 million, up 14.26%, signaling persistent speculative activity despite the correction. The price found support at $0.2757, but the RSI at 36.90 indicates sustained selling pressure.
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