diff --git a/Dockerfile b/Dockerfile
index 4660686f..45e94192 100644
--- a/Dockerfile
+++ b/Dockerfile
@@ -6,7 +6,7 @@ ARG TARGETARCH
 ARG GOARCH
 
 # See https://github.com/initia-labs/movevm/releases
-ENV LIBMOVEVM_VERSION=v0.4.11
+ENV LIBMOVEVM_VERSION=v0.4.12
 
 # Install necessary packages
 RUN set -eux; apk add --no-cache ca-certificates build-base git cmake
diff --git a/go.mod b/go.mod
index 54efae12..e1718caf 100644
--- a/go.mod
+++ b/go.mod
@@ -40,7 +40,7 @@ require (
 	github.com/hashicorp/go-metrics v0.5.3
 	github.com/initia-labs/OPinit v0.4.4
 	// we also need to update `LIBMOVEVM_VERSION` of Dockerfile#9
-	github.com/initia-labs/movevm v0.4.11
+	github.com/initia-labs/movevm v0.4.12
 	github.com/noble-assets/forwarding/v2 v2.0.0-20240521090705-86712c4c9e43
 	github.com/pelletier/go-toml v1.9.5
 	github.com/pkg/errors v0.9.1
diff --git a/go.sum b/go.sum
index c9b6f941..451308bd 100644
--- a/go.sum
+++ b/go.sum
@@ -733,8 +733,8 @@ github.com/initia-labs/OPinit/api v0.4.4 h1:jA4BUh4OLR/FHDsOy9Ilqcd9kMTm1Ibasx/R
 github.com/initia-labs/OPinit/api v0.4.4/go.mod h1:NorLLEBESDeLPQIzTFIT2XjvD/tkS1VRE6YL59TXYT0=
 github.com/initia-labs/cometbft v0.0.0-20240802022359-e0a5ce0336b6 h1:ObKvj9nGiKE+MWZ/LnH3rPcXsnBVVn4c30/iw+fMsd4=
 github.com/initia-labs/cometbft v0.0.0-20240802022359-e0a5ce0336b6/go.mod h1:jHPx9vQpWzPHEAiYI/7EDKaB1NXhK6o3SArrrY8ExKc=
-github.com/initia-labs/movevm v0.4.11 h1:qVT13+DCGY5fl/PTh/d81k/8OROWK1LaDJ7sLN37tZ0=
-github.com/initia-labs/movevm v0.4.11/go.mod h1:aUWdvFZPdULjJ2McQTE+mLnfnG3CLAz0TWJRFzFFUwg=
+github.com/initia-labs/movevm v0.4.12 h1:P30q4U2jUN/al3bX391ZkXr3t59owNTwr9qmC4d1S0Q=
+github.com/initia-labs/movevm v0.4.12/go.mod h1:aUWdvFZPdULjJ2McQTE+mLnfnG3CLAz0TWJRFzFFUwg=
 github.com/jhump/protoreflect v1.15.3 h1:6SFRuqU45u9hIZPJAoZ8c28T3nK64BNdp9w6jFonzls=
 github.com/jhump/protoreflect v1.15.3/go.mod h1:4ORHmSBmlCW8fh3xHmJMGyul1zNqZK4Elxc8qKP+p1k=
 github.com/jmespath/go-jmespath v0.0.0-20180206201540-c2b33e8439af/go.mod h1:Nht3zPeWKUH0NzdCt2Blrr5ys8VGpn0CEB0cQHVjt7k=