diff --git a/.changeset/rotten-turkeys-sniff.md b/.changeset/rotten-turkeys-sniff.md
new file mode 100644
index 0000000000..53fb5bd663
--- /dev/null
+++ b/.changeset/rotten-turkeys-sniff.md
@@ -0,0 +1,5 @@
+---
+'svelte': patch
+---
+
+fix: mark subtree dynamic for img with loading attribute
diff --git a/packages/svelte/src/compiler/phases/2-analyze/visitors/Attribute.js b/packages/svelte/src/compiler/phases/2-analyze/visitors/Attribute.js
index 6931f873fb..ca0ea55d1f 100644
--- a/packages/svelte/src/compiler/phases/2-analyze/visitors/Attribute.js
+++ b/packages/svelte/src/compiler/phases/2-analyze/visitors/Attribute.js
@@ -18,9 +18,14 @@ export function Attribute(node, context) {
 
 	const parent = /** @type {SvelteNode} */ (context.path.at(-1));
 
-	// special case
-	if (node.name === 'value') {
-		if (parent.type === 'RegularElement' && parent.name === 'option') {
+	if (parent.type === 'RegularElement') {
+		// special case <option value="" />
+		if (node.name === 'value' && parent.name === 'option') {
+			mark_subtree_dynamic(context.path);
+		}
+
+		// special case <img loading="lazy" />
+		if (node.name === 'loading' && parent.name === 'img') {
 			mark_subtree_dynamic(context.path);
 		}
 	}
diff --git a/packages/svelte/tests/snapshot/samples/skip-static-subtree/_expected/client/index.svelte.js b/packages/svelte/tests/snapshot/samples/skip-static-subtree/_expected/client/index.svelte.js
index ae79efef42..8dd7df82cf 100644
--- a/packages/svelte/tests/snapshot/samples/skip-static-subtree/_expected/client/index.svelte.js
+++ b/packages/svelte/tests/snapshot/samples/skip-static-subtree/_expected/client/index.svelte.js
@@ -1,7 +1,7 @@
 import "svelte/internal/disclose-version";
 import * as $ from "svelte/internal/client";
 
-var root = $.template(`<header><nav><a href="/">Home</a> <a href="/away">Away</a></nav></header> <main><h1> </h1> <div class="static"><p>we don't need to traverse these nodes</p></div> <p>or</p> <p>these</p> <p>ones</p> <!> <p>these</p> <p>trailing</p> <p>nodes</p> <p>can</p> <p>be</p> <p>completely</p> <p>ignored</p></main> <cant-skip><custom-elements></custom-elements></cant-skip> <div><input></div> <div><source></div> <select><option>a</option></select> <img src="..." alt="" loading="lazy">`, 3);
+var root = $.template(`<header><nav><a href="/">Home</a> <a href="/away">Away</a></nav></header> <main><h1> </h1> <div class="static"><p>we don't need to traverse these nodes</p></div> <p>or</p> <p>these</p> <p>ones</p> <!> <p>these</p> <p>trailing</p> <p>nodes</p> <p>can</p> <p>be</p> <p>completely</p> <p>ignored</p></main> <cant-skip><custom-elements></custom-elements></cant-skip> <div><input></div> <div><source></div> <select><option>a</option></select> <img src="..." alt="" loading="lazy"> <div><img src="..." alt="" loading="lazy"></div>`, 3);
 
 export default function Skip_static_subtree($$anchor, $$props) {
 	var fragment = root();
@@ -42,8 +42,12 @@ export default function Skip_static_subtree($$anchor, $$props) {
 	$.reset(select);
 
 	var img = $.sibling(select, 2);
+	var div_2 = $.sibling(img, 2);
+	var img_1 = $.child(div_2);
 
+	$.reset(div_2);
 	$.template_effect(() => $.set_text(text, $$props.title));
 	$.handle_lazy_img(img);
+	$.handle_lazy_img(img_1);
 	$.append($$anchor, fragment);
 }
\ No newline at end of file
diff --git a/packages/svelte/tests/snapshot/samples/skip-static-subtree/_expected/server/index.svelte.js b/packages/svelte/tests/snapshot/samples/skip-static-subtree/_expected/server/index.svelte.js
index d09ac657f9..309f5a2b57 100644
--- a/packages/svelte/tests/snapshot/samples/skip-static-subtree/_expected/server/index.svelte.js
+++ b/packages/svelte/tests/snapshot/samples/skip-static-subtree/_expected/server/index.svelte.js
@@ -3,5 +3,5 @@ import * as $ from "svelte/internal/server";
 export default function Skip_static_subtree($$payload, $$props) {
 	let { title, content } = $$props;
 
-	$$payload.out += `<header><nav><a href="/">Home</a> <a href="/away">Away</a></nav></header> <main><h1>${$.escape(title)}</h1> <div class="static"><p>we don't need to traverse these nodes</p></div> <p>or</p> <p>these</p> <p>ones</p> ${$.html(content)} <p>these</p> <p>trailing</p> <p>nodes</p> <p>can</p> <p>be</p> <p>completely</p> <p>ignored</p></main> <cant-skip><custom-elements with="attributes"></custom-elements></cant-skip> <div><input autofocus></div> <div><source muted></div> <select><option value="a">a</option></select> <img src="..." alt="" loading="lazy">`;
+	$$payload.out += `<header><nav><a href="/">Home</a> <a href="/away">Away</a></nav></header> <main><h1>${$.escape(title)}</h1> <div class="static"><p>we don't need to traverse these nodes</p></div> <p>or</p> <p>these</p> <p>ones</p> ${$.html(content)} <p>these</p> <p>trailing</p> <p>nodes</p> <p>can</p> <p>be</p> <p>completely</p> <p>ignored</p></main> <cant-skip><custom-elements with="attributes"></custom-elements></cant-skip> <div><input autofocus></div> <div><source muted></div> <select><option value="a">a</option></select> <img src="..." alt="" loading="lazy"> <div><img src="..." alt="" loading="lazy"></div>`;
 }
\ No newline at end of file
diff --git a/packages/svelte/tests/snapshot/samples/skip-static-subtree/index.svelte b/packages/svelte/tests/snapshot/samples/skip-static-subtree/index.svelte
index cb73eba707..4533a261a0 100644
--- a/packages/svelte/tests/snapshot/samples/skip-static-subtree/index.svelte
+++ b/packages/svelte/tests/snapshot/samples/skip-static-subtree/index.svelte
@@ -44,4 +44,7 @@
 	<option value="a">a</option>
 </select>
 
-<img src="..." alt="" loading="lazy" />
\ No newline at end of file
+<img src="..." alt="" loading="lazy" />
+<div>
+	<img src="..." alt="" loading="lazy" />
+</div>
\ No newline at end of file