diff --git a/Dockerfile b/Dockerfile
index 922f5b16..4e68ee4a 100644
--- a/Dockerfile
+++ b/Dockerfile
@@ -2,7 +2,7 @@ FROM golang:1.22-alpine3.19 AS go-builder
 #ARG arch=x86_64
 
 # See https://github.com/initia-labs/movevm/releases
-ENV LIBMOVEVM_VERSION=v0.2.11
+ENV LIBMOVEVM_VERSION=v0.2.12
 
 # this comes from standard alpine nightly file
 #  https://github.com/rust-lang/docker-rust-nightly/blob/master/alpine3.12/Dockerfile
diff --git a/go.mod b/go.mod
index 26b14aea..78bc90fd 100644
--- a/go.mod
+++ b/go.mod
@@ -41,7 +41,7 @@ require (
 	github.com/initia-labs/OPinit v0.2.9
 	// we also need to update `LIBMOVEVM_VERSION` of images/private/Dockerfile#5
 	// we also need to update `LIBMOVEVM_VERSION` of Dockerfile#5
-	github.com/initia-labs/movevm v0.2.11
+	github.com/initia-labs/movevm v0.2.12
 	github.com/noble-assets/forwarding v0.0.0-20240416085758-ed8e9efaf69a
 	github.com/pelletier/go-toml v1.9.5
 	github.com/pkg/errors v0.9.1
diff --git a/go.sum b/go.sum
index c4fd12a2..ac6acca8 100644
--- a/go.sum
+++ b/go.sum
@@ -735,8 +735,8 @@ github.com/initia-labs/forwarding v0.0.0-20240513113423-5c2833d87227 h1:mwX9VHlv
 github.com/initia-labs/forwarding v0.0.0-20240513113423-5c2833d87227/go.mod h1:nMEL3w1pf7+2LAQ3jqX+XaK0GWcdnwXjwlBnX7QO9ho=
 github.com/initia-labs/iavl v0.0.0-20240415085037-7e81233cdd9e h1:1gkMWkAgVhYFhEv7K4tX+8uJJLdiTKlQhl5+wGaxdMg=
 github.com/initia-labs/iavl v0.0.0-20240415085037-7e81233cdd9e/go.mod h1:jLeUvm6bGT1YutCaL2fIar/8vGUE8cPZvh/gXEWDaDM=
-github.com/initia-labs/movevm v0.2.11 h1:m5PyLJzBalDsIG2ZWLwk4e1jsLjdcnB4ZaMUpvt9dYE=
-github.com/initia-labs/movevm v0.2.11/go.mod h1:6MxR4GP5zH3JUc1IMgfqAe1e483mZVS7fshPknZPJ30=
+github.com/initia-labs/movevm v0.2.12 h1:TL7bmzSF50koQk4cllgxzeLMmoLR8PdwMyVVhxfRirE=
+github.com/initia-labs/movevm v0.2.12/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=
diff --git a/images/private/Dockerfile b/images/private/Dockerfile
index 936605d8..110fb4c6 100644
--- a/images/private/Dockerfile
+++ b/images/private/Dockerfile
@@ -2,7 +2,7 @@ FROM golang:1.22-alpine3.19 AS go-builder
 #ARG arch=x86_64
 
 # See https://github.com/initia-labs/movevm/releases
-ARG LIBMOVEVM_VERSION=v0.2.11
+ARG LIBMOVEVM_VERSION=v0.2.12
 
 # this comes from standard alpine nightly file
 #  https://github.com/rust-lang/docker-rust-nightly/blob/master/alpine3.12/Dockerfile