diff --git a/Dockerfile b/Dockerfile
index 5225b15a..5e1b7649 100644
--- a/Dockerfile
+++ b/Dockerfile
@@ -6,7 +6,7 @@ ARG TARGETARCH
 ARG GOARCH
 
 # See https://github.com/initia-labs/movevm/releases
-ENV LIBMOVEVM_VERSION=v0.4.1
+ENV LIBMOVEVM_VERSION=v0.4.2
 
 # 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 7ba91c08..157fed77 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 v0.4.2
 	// we also need to update `LIBMOVEVM_VERSION` of Dockerfile#9
-	github.com/initia-labs/movevm v0.4.1
+	github.com/initia-labs/movevm v0.4.2
 	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 c8af7aba..01e04bdf 100644
--- a/go.sum
+++ b/go.sum
@@ -733,8 +733,8 @@ github.com/initia-labs/OPinit/api v0.4.1 h1:Q8etW92LiwekKZxzDYVFdiHF3uOpEA4nyajy
 github.com/initia-labs/OPinit/api v0.4.1/go.mod h1:Xy/Nt3ubXLQ4zKn0m7RuQOM1sj8TVdlNNyek21TGYR0=
 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 v0.4.1 h1:eC+wCG8Fp6bwFSC6mi0UFlenNc/NJ7pCxXcsgCbWg/A=
-github.com/initia-labs/movevm v0.4.1/go.mod h1:6MxR4GP5zH3JUc1IMgfqAe1e483mZVS7fshPknZPJ30=
+github.com/initia-labs/movevm v0.4.2 h1:5E4YaLyL7bJfL0mqBnMlu2jB5b3nkOys/RpLzuVkM+Q=
+github.com/initia-labs/movevm v0.4.2/go.mod h1:6MxR4GP5zH3JUc1IMgfqAe1e483mZVS7fshPknZPJ30=
 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=