Lido’s token (stETH) representing staked ETH on the platform has de-pegged significantly

Currently trading at 0.98275065 to 1 ETH

I don't see much talk about this but isn't this a really big red flag?

What do you guys think is another UST incident coming our way or am I just over-reacting and this is normal – the token should re-peg soon enough/after the merge